Forged Bills of Lading in Letters of Credit.
Mondaq Business Briefing › Nbr. 2010, January 2010
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Forged Bills of Lading in Letters of Credit.
Recently there have been growing concerns about trade finance fraud from banks perspectives all over the world. This issue is becoming more confusing in light of the fact that the Uniform Customs and Practice for Documentary Credits (the "UCP") does not deal with this issue, and the fact that national laws varies from country to country.
Article 34 of UCP 600 states that banks ass...See the full content of this document
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