Ucp 600 Study guides, Revision notes & Summaries

A 1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above D 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B. Sight draft C. Usance draft D. Both A and C are correct A 3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for do...

1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above A 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B. Sight draft C. Usance draft D. Both A and C are correct D 3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for docum...

A 1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above D 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B. Sight draft C. Usance draft D. Both A and C are correct A 3. Which is the internationally recognized of rules unifying banking practice regarding collection operations for drafts and for do...

International payment - Quiz 2 2024 A - correct answer 1. In most case, a draft accepted by bank enjoys ______________ credit standing than a draft accepted by a company and individual. A. Higher B. Lower C. None of the above D - correct answer 2. The draft with tenor "45 days after shipment date (shipment date: 15 June 2019) is called: A. Time draft B. Sight draft C. Usance draft D. Both A and C are correct A - correct answer 3. Which is the internationally recognized of rules ...

The UCP 600 fully embraces the common law doctrine of strict compliance”. Critically assess the veracity of this statement. Marked a 72 (First)

Definitions, cases, arguments Statutory implied terms B2B, seller's right over the goods, duties of the seller, duties of the buyer, remedies of buyer and seller, exemption clauses (UCTA), curing the breach, Statutory implied terms B2C, Passing of property, Transfer of title, Methods of International Finance, UCP 600 1) Strict compliance. 2) Autonomy of Credit. 3) Fraud exception Nullity, illegality

International Finance (documentary bills, documentary credits, UCP 600, Strict compliance (Moralice v ED and F Man, Bunge Corpn v Vegetable Vitamin Foods, Equitable Trust Co of New York v Dawson Partners Ltd, JH Rayner & Co Ltd v Hambro’s Bank Ltd, Bank Melli Iran v Barclays Bank DCO, Seaconsar Far East v Bank Markazi Jomhouri Islami Iran, Hing Yip Hing Fat Co Ltd v Daiwa Bank Ltd, Kredietbank Antwerp v Midland Bank plc), description of goods (Glencore International AG v Bank of China, Crédit...