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CBLP – JUL 2020 – L4 – Q1 – Methods of Payment in Documentary Credits

Describe payment methods in UCP 600 Article 6(b) and explain issues with payment under reserve and payment by mistake.

Question

(a) Describe the method of payments mentioned in Article 6b) of the UcP 600 for documentary credits.

(b)Explain the issues relatingto:

(i) payment under reserve

{ii) Payment by mistake.

(30 Marks)

Answer

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Find Related Questions by Tags, levels, etc.

Tags: Documentary Credits, International Payments, Payment by Mistake, Payment Under Reserve, UCP 600
Level: Level 4

Topic: Legal Options
Series: JULY 2020

CBLP – JUL 2020 – L4 – Q1 – Methods of Payment in Documentary Credits

Describe payment methods in UCP 600 Article 6(b) and explain issues with payment under reserve and payment by mistake.

Question

(a) Describe the method of payments mentioned in Article 6b) of the UcP 600 for documentary credits.

(b)Explain the issues relatingto:

(i) payment under reserve

{ii) Payment by mistake.

(30 Marks)

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Documentary Credits, International Payments, Payment by Mistake, Payment Under Reserve, UCP 600
Level: Level 4

Topic: Legal Options
Series: JULY 2020

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CBLP – JUL 2020 – L4 – Q1 – Methods of Payment in Documentary Credits

Describe payment methods in UCP 600 Article 6(b) and explain issues with payment under reserve and payment by mistake.

CBLP – JUL 2020 – L4 – Q1 – Methods of Payment in Documentary Credits

Describe payment methods in UCP 600 Article 6(b) and explain issues with payment under reserve and payment by mistake.

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CBLP – JUL 2020 – L4 – Q1 – Methods of Payment in Documentary Credits

Describe payment methods in UCP 600 Article 6(b) and explain issues with payment under reserve and payment by mistake.

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CBLP – JUL 2020 – L4 – Q1 – Methods of Payment in Documentary Credits

Describe payment methods in UCP 600 Article 6(b) and explain issues with payment under reserve and payment by mistake.

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