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- Title
UNDERSTANDING THE REJECTION OF PRESENTED DOCUMENTS PERIOD IN UCP 600.
- Authors
Le Thuc Linh BUI
- Abstract
This article covers aspects relating to the documentary rejection period in letters of credit after the examination period in the Uniform Customs and Practice for Documentary Credits. After briefly outlining the primary purposes and functions of letters of credit, the author will discuss the time frame following the bank's determination that the submitted documents do not meet the criteria of the letter of credit, including consulting with the applicant, the window for issuing a rejection, and post-notice obligations of the bank.
- Subjects
LETTERS of credit
- Publication
LESIJ - Lex ET Scientia International Journal, 2023, Vol 30, Issue 1, p34
- ISSN
1583-039X
- Publication type
Article