Uncategorized FORCE MAJEURE AND DISHONOUR By Mr Old Man Posted on January 3, 2013 2 min read 0 0 2,343 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Dear All, I would like to share with you a Q&A on DCPro Forum.Hope it provokes your thoughts. Best regards,Mr. Old Man————– FORCE MAJEURE AND DISHONOUR GSHAM – Singapore Posted 27 Dec 12 | After the issuing bank has received the documents, a force majeure event prevents the issuing bank from checking the documents in a timely manner. As a result the issuing bank fails to send a notice of dishonour in accordance with article 16. In such case is the issuing bank precluded from dishonour in accordance with article 16(f)? —————————— N.H.Duc – Viet Nam Posted 28 Dec 12 | Hi, The issuing bank has a maximum of five banking days following the day of presentation to determine if the presentation is complying and give a notice of refusal if the presentation is not complying. I would treat force majeure days as non-banking days. Upon resumption of its business, if the issuing bank determines that the presentation is not complying and decides to refuse, it can give a notice of refusal to the presenter provided such a notice is given within five banking day rule with force majeure days excluded from calculation. Best regards,N.H.Duc