Comments on: Case study: Letter of Credit Risk Management https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/ Wed, 21 Sep 2016 09:39:11 +0000 hourly 1 https://wordpress.org/?v=6.8.3 By: Mohit Nandwani https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-70455 Wed, 21 Sep 2016 09:39:11 +0000 https://www.chinaimportexport.org/?p=765#comment-70455 If an LC is rejected because of discrepant documents, does the Exporter or seller lose its rights to receive payment from Importer or buyer? The contract is FOB and the goods have been shipped.

]]> By: santhosh https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-67797 Tue, 13 Oct 2015 12:32:01 +0000 https://www.chinaimportexport.org/?p=765#comment-67797 When the seller sends inferior quality goods, how the importer’s interest who as given LC is protected?

]]> By: A Case Study on Letter of Credit Risk Management https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-59597 Wed, 21 Jan 2015 16:22:07 +0000 https://www.chinaimportexport.org/?p=765#comment-59597 […] Click here to read more on Letter of Credit Risk Management […]

]]> By: A Case Study on Letter of Credit Risk Management | CaseStudy.co.in https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-9063 Thu, 28 Feb 2013 08:34:55 +0000 https://www.chinaimportexport.org/?p=765#comment-9063 […] Click here to read more on Letter of Credit Risk Management […]

]]> By: nikki zapuiz https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-7930 Sun, 27 Jan 2013 19:40:59 +0000 https://www.chinaimportexport.org/?p=765#comment-7930 what was the alternative causes of action in case 1?

]]> By: Viji https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-7480 Thu, 10 Jan 2013 11:54:54 +0000 https://www.chinaimportexport.org/?p=765#comment-7480 In reply to JETHIN.

In the 3rd case, the beneficiary should have given a letter to lc advising bank requesting them to send a swift message to issuing bank regarding beneficiary’s rejection of amendment before negotiation of docs. In this case issuing bank cannot stop payment as amendment is invalid.

]]> By: b2b https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-6310 Sun, 25 Nov 2012 20:04:36 +0000 https://www.chinaimportexport.org/?p=765#comment-6310 Please explain how does one mitigate the L/C risk as either a buyer or seller ?

Thank you

]]> By: Malcolm https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-4776 Thu, 13 Sep 2012 08:52:59 +0000 https://www.chinaimportexport.org/?p=765#comment-4776 Dear all,
I have a question about price increases during the period of time when the irrevocable L/C at sight at AAA bank is active.
in my experience I have faced this issue. I know my bank will not release payment to my manufacturer/supplier. However I face a huge problem at that time, because I cannot deliver my goods and face a financial burtden.
How is it possible that Chinese suppliers are able to increase a price during thye valid period of an L/C. It is blackmail in a white collar way.

yours truly
\Malcolm

]]> By: Xixi https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-4619 Sat, 08 Sep 2012 13:10:31 +0000 https://www.chinaimportexport.org/?p=765#comment-4619 In reply to JETHIN.

Yes, Elizabeth, the procedure is like that.

Steven Chow
Chinaimportexport.org

]]> By: JETHIN https://www.chinaimportexport.org/case-study-letter-of-credit-risk-management/#comment-4527 Wed, 29 Aug 2012 11:03:34 +0000 https://www.chinaimportexport.org/?p=765#comment-4527 In your 3rd case study, its late shipped then that is a discrepancy and buyer can reject documents without accepting from issuing bank.Then the issuing bank will hold the payment and will inform the negotiating bank about this.

Hope this is the procedure.

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