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DAILY NEWS

Trade Finance

07/02/2020

Article 9

Role of Advising Bank

1 min
07/02/2020

Difference between Seaway Bill of lading And Original Bill of lading

Non negotiable

1 min
06/26/2020

Article 8 UCP600

Confirming Bank Undertaking

1 min
06/23/2020

Article 7 of UCP 600

Article 7 States that issuing Bank is irrevocably bound to honor the credit

1 min
06/21/2020

ARTICLE 6 UCP 600

ARTICLE 6 OF UCP 600 PLACE EXPIRY AND AVAILABLE

1 min
06/19/2020

Article 5 UCP 600

Article 5 states: “Banks deal with documents and not with goods, services or performance to which the documents may relate.

1 min
06/16/2020

Article 4 of UCP 600

LC in nature is separate transaction.

1 min
06/16/2020

Article 3 of UCP 600

Article 3 provides various interpretations for applying rules of UCP 600 Usage of terms like "from" and "after", "on or about" "beginning"," middle" "end" of a month, "first half" and "second half" of a month have been defined in this article. Also this article clarifies that Branches of a bank in different countries are treated as different Banks for the purpose of Documentary Credit

1 min
06/15/2020

Article 2

Article 2 defnes Banking day . IT IS a day on which a bank is regularly open for performance An important aspect of this definition lies in the use of the word ‘regularly’. IF A bank were TO BE open FROM MONDAY TO Saturday for a half or full day to perform the handling of documentary credits, THEN SUCH SATURDAY would BE countED as a banking day UNDER UCP Thanking you. TAKE CARE. STAY SAFE. Good bye

1 min
06/10/2020

UCP 600 Article 1

UCP” stands for Uniform Customs and Practice for Documentary credits.

1 min
06/08/2020

PRESS NOTE 3

The Government of India has changed its foreign direct investment policy ("FDI Policy") pursuant to a Press Note No. 3 (2020 Series) dated April 17, 2020, (the "Press Note"). The Press Note seeks to curb "opportunistic takeovers/acquisitions of Indian companies" due to the current COVID-19 pandemic.

2 min

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