Bank REJECTS $457,500 Million Shipment Over a Simple Mistake But Was It Really a Mistake?

📦 Partial Shipment Dispute in Letters of Credit (LC): Solved with UCP 600 🌍
Ever faced a rejection in international trade due to "partial shipment not allowed"? This video unpacks a compelling real-world scenario where 1,000 cartons of garments were shipped under a strict LC condition. Despite being sent on the same vessel, the use of two Bills of Lading caused the issuing bank to reject the documents. But was this rejection valid under UCP 600 guidelines? 🤔

🚀 What You'll Learn:
🔹 What defines partial shipment under UCP 600 (Article 31)?
🔹 How multiple Bills of Lading impact LC compliance.
🔹 The role of exporters, negotiating banks, and issuing banks in ensuring smooth trade transactions.
🔹 How to interpret LC terms correctly to avoid costly disputes.
🔹 Practical solutions for exporters, banks, and importers to navigate trade complexities.

#TradeFinance #LettersOfCredit #UCP600 #PartialShipment #ExportImportBusiness #LCDispute #ShippingDocumentation #ExportCompliance #internationaltradefinance

Видео Bank REJECTS $457,500 Million Shipment Over a Simple Mistake But Was It Really a Mistake? канала K G Khullar (Ex-Bank of India,PSB)