RUMORED BUZZ ON 87. RED CLAUSE LETTER OF CREDIT USAGE EXAMPLES

Demurrage Fees: Demurrage fees are billed when containers stay at a terminal beyond the permitted free time. These fees motivate businesses to distinct their goods quickly.600 (UCP 600. The UCP is a list of contractual rules which can be regularly incorporated by express agreement into a documentary credit (also known as a letter of credit) transac