Uncategorized RETURNING COMPLYING DOCUMENTS AT THE PRESENTER’S REQUEST By Mr Old Man Posted on June 6, 2014 2 min read 1 0 2,589 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUESTION Dear Mr. Old Man, Could you please answer this question? In case the presentation is COMPLYING, can the negotiating bank recall the shipping documents irrespective that the applicant does not agree with this action? What is the difference if our bank is the transferring bank and the bank recalling the documents is the second beneficiary’s bank? Awaiting your soonest reply Thank you, Ka ———— ANSWER Hi, I must say your issue is not covered in UCP. It is the issuing bank that will decide whether or not it should comply with the negotiating bank’s request for returning the documents. The issuing bank should also ask for the applicant’s agreement if it has advised the applicant of the presentation of complying documents. The issuing bank cannot comply with the negotiating bank’s request if the documents have been released to the applicant who does not agree to return the documents. The answer is the same if the transferring bank has advised the first beneficiary of the presentation and the first beneficiary would like to substitute the documents (invoice and drafts) rather than return the documents to the second beneficiary. Kind regards, Mr. Old Man