Best Banking & Finance Lawyers in Baoding
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List of the best lawyers in Baoding, China
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China Banking & Finance Legal Questions answered by Lawyers
Browse our 1 legal question about Banking & Finance in China and read the lawyer answers, or ask your own questions for free.
- Can a European buyer refuse payment under a Letter of Credit over minor discrepancies in shipping documents?
- Our Shenzhen-based electronics manufacturing firm exported a batch of goods to Germany under an irrevocable Letter of Credit. The issuing bank rejected payment claiming a minor spelling discrepancy in the bill of lading, but the buyer has already taken possession of the cargo at the port. What legal remedies do... Read more →
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Lawyer answer by Tianjin Bozhuan Law Firm
The issuing bank's refusal to pay solely due to "minor spelling errors" may well constitute "malicious refusal to pay". According to internationally accepted rules, spelling errors that do not affect the meaning do not constitute valid discrepancies. The issuing bank...
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