Uncategorized BENEFICIARY'S NAME By Mr Old Man Posted on March 7, 2010 49 second read 0 0 3,031 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY Beneficiary's name Shahed – Canada L/C States beneficiary's name as "B AND B TRADING" whereas the beneficiary submit their documents showing their name as "B & B TRADING". That means the word "AND" is replaced by the symbol "amperand". Is it a discrepancy ? ShahedToronto ——————————————— COMMENT N.H.Duc – Viet Nam Shahed, I do not think it is a discrepancy. Regards,N.H.Duc …
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?