Uncategorized CONFIRMING BANK VS NON-CONFIRMING NOMINATED BANK By Mr Old Man Posted on November 13, 2014 1 min read 2 0 2,251 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Monkey Mountain, Danang 1972 … and now 2014 QUESTION Dear Mr. Old Man, I have another question regarding art 12a of the UCP. What is the difference in status between the confirming nominated bank and the non-confirming nominated bank if they both agree to act under their nomination? Thank you very much in advance. Zeev Weizman ———- ANSWER Hi, By nominating a bank, whether it is a confirming bank or a non-confirming bank, to honour or to negotiate the complying documents, the issuing bank undertakes to reimburse the nominated bank that has honoured or negotiated a complying presentation and forwarded the documents to the issuing bank. So, the nominated bank that has honoured or negotiated a complying presentation is entitled to reimbursement from the issuing bank irrespective of whether it is a confirming bank or a non-confirming bank. The non-confirming nominated bank that has acted on its nomination enjoys the same protection status as the confirming bank. Kind regards, Mr. Old Man