negotiation
CTBC Bank Co. v. Industrial Commercial Bank of China Ltd. [2024]
Issuer ICBC applied to stay action alleging forum non conveniens.
Risky and Uncertain Situations in Negotiation of LCs
The LC concept of negotiation has led to considerable misunderstanding and confusion in practice. In his article, Abdurrahman Özalp attempts to wade through areas of uncertainty and cast light on difficulties that confirming banks and beneficiaries could encounter.
Should "Negotiation" Continue to be a Form of Availability within UCP?
In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.
Silent Confirmation Of Documentary Credits: It’s Still Happening
The silent confirmation market is still active and prevalent for LCs in Asian countries as silent confirmation is one of the means for a beneficiary to mitigate issuing bank and country risk when it does not want other banks to confirm its credit.
Malayan Banking Berhad v. Punjab National Bank [2022]
Negotiating Bank sued LC Issuer for breach of reimbursement undertaking.
Back to the Basics: Honour, Negotiation, and Reimbursement of Letters of Credit
Honour, negotiation, and reimbursement – individually and collectively – are perhaps some of the least understood (or most misunderstood) terms in letter
UCP600 Revision: A Tune-Up Opportunity for this Old Vehicle Called the “Letter of Credit”
Letters of credit have been around for decades, probably since the 19th Century or earlier. We are now in the
