Скачать или смотреть Discharge Letters of Indemnity “DISCHARGE LOI’S”

Discharge Letters of Indemnity “DISCHARGE LOI’S”

How banks need to be aware and manage the risks!

“If a bank has issued a letter of credit for USD20.00 million and to facilitate release of cargo at discharge port also issued a guarantee supporting a DISCHARGE LOI then it’s credit risk exposure on the applicant can go berserk and easily jump to USD60. Million in the blink of an eye!”

Vincent O’Brien, Director of ICC UAE interviews Captain Norman Lopez, a renowned practitioner and legal expert on the perils for banks of DISCHARGE LOI’S.

This interview was part of a joint hybrid training program developed as a partnership initiative of the Institute of Chartered Shipbrokers, Middle East Branch (ICS ME) and the International Chamber of Commerce, United Arab Emirates (ICC UAE).