Uncategorized DON'T BE TOO STRICT IN EXAMINATION By Mr Old Man Posted on March 5, 2010 2 min read 0 0 2,217 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr QUERY FROM STUDENTThu, 01/15/2009 – 17:46 — student HI EXPERTS, LC STATES THAT "B/L MUST SHOW THAT 14 DAYS DETENTION FREE ALLOWED AT PORT OF DISCHARGE" NOW WE OBTAIN 21 DAYS DETENTION FREE AND THE WORDING SHOWS ON BL IS AS "21 DAYS DETENTION FREE ALLOWED AT PORT OF DISCHARGE" IS IT DISCRIPANY OR NOT?? PLZ COMMENTS…… —————————————————————————————- COMMENT FROM NGUYEN HUU DUC (VIETNAM)Fri, 01/16/2009 – 08:37 — nhduc.dng Don't be too strict in examination Hi, It’s a discrepancy in accordance with the doctrine of strict compliance. Yet, I am afraid that a refusal based on such a discrepancy may lead to a controversy or a dispute and the issuing bank/applicant may lose the case if it ends up in the court room. Don’t be too strict in examination. Best regards, Nguyen Huu Duc —————————————————————————————— COMMENT FROM PAN (ITALY)Thu, 01/15/2009 – 18:02 — pan At least would be better Hi Friend, From buyer point of view , 21 days free detention is more favourable than 14 days, but may be not from UCP point of view, so I think document is discrepant, as a document checker has not a complete knowledge of other isectors. Other comments appreciatedCiao …
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?