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From the Benche
The year in news 2011

From revolution across the Arab world to a nuclear disaster in Japan, from the euro zone crisis to a tabloid phone ...

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Financial Stability Report

The banks have good resilience

The major Swedish banks are well-equipped to meet poorer economic ...

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Euro zone approaching a critical crossroads
Recession expected in euro zone

US showing cautious signs of strength

Soft landing in EM sphere, but greater risks

New

...
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Nordic Region Trade & Export conference - sum up

Final remarks by todays chairman Peter Ling-Vannerus at SEB.

Bengt Westphal from AB Volvo ...

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Recent Trade Posts

quote there is certainly not any question of a...

quote
there is certainly not any question of a bank having to establish the PL is actually AS PER PURCHASE ORDER NO 2011/2017 given the provisions of UCP600, e.g. Article 5.
unquote

EXACTLY
Vadim Gusev 2012-02-03

Thanks Vadim & Paul for taking the time to...

Thanks Vadim & Paul for taking the time to express your views.

Firstly, ”PACKING LIST AS PER PURCHASE ORDER NO 2011/2017” is quoted verbatim from a credit issued by an Indian bank we were asked to...
Mr. Smith 2012-02-03

Angola - Advance payment and services payments restrictions?

Hi,

I should appreciate if someone could verify that the following:

1- The maximum advance payment in foreign currency that can be transferred out from Angola is 20%, nothwithstanding that such...
Johan Ericsson 2012-02-03

Hello there, To my mind a negotiating bank...

Hello there,

To my mind a negotiating bank must ask for an amendment since the purchase order is not part of the documents to be submitted.

It is akin to asking banks to check documents in...
Paul Orian 2012-02-02

to be honest i am not sure this is exactly so. on...

to be honest i am not sure this is exactly so. on the one hand, AS PER PURCHASE ORDER NO 2011/2017 may be interpreted as part of a name of the document or to be considered as a necessary declaration...
Vadim Gusev 2012-02-01

Non-documentary condition?

A credit requires:

PACKING LIST AS PER PURCHASE ORDER NO 2011/2017.

Is 'AS PER PURCHASE ORDER NO 2011/2017' a NDC per 14(h)?

I shall be grateful if you will kindly let me have your views...
Mr. Smith 2012-02-01
Recent Blog Posts

Christmas cards with or without stamps

I would like to thank all of you that have been so very kind to send me Seasons Greetings either by electronic media or by postal service. This year when I was about to start thinking about...
2011-12-23 08:15
Hot threads

The Benche Friday thread™
Thread Starter: Martin Bjornstrom
Welcome everybody to the Benche Friday thread. This thread is a Lounge thread solely dedicated to Fridays - my intention is that we only post here...
Patrik Havander 1 Day Ago

Turn off Blackberry email after work hours?
Thread Starter: Susann Lindqvist
Just read BBC News article that Volkswagen turns off Blackberry email after work hours. Do you agree or not?
Christian Ransby 3 Days Ago

Discussing Working Capital from an industry segment perspective?
Thread Starter: Patrik Havander
Hi Benche members, Improving the working capital is on all corporate agendas right now. Coming from the bank perspective I am curious to know how...
A.R. Malaket 2 Weeks Ago

Non-documentary condition?
Thread Starter: Mr. Smith
A credit requires: PACKING LIST AS PER PURCHASE ORDER NO 2011/2017. Is 'AS PER PURCHASE ORDER NO 2011/2017' a NDC per 14(h)? I shall be...
Vadim Gusev 2 Days Ago

2012 Americas Annual LC Survey
Thread Starter: Mr. Smith
I shall be at the IIBLP (IIBLP, Institute of International Banking Law & Practice ) 2012 Americas Annual LC Survey Conference in New York from...
Mr. Smith 1 Week Ago

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