QUESTION Dear Mr. Old Man, I have a question related to Art 14b (UCP600) as below: In case Bank A is a nominated bank in LC issued by Bank B; (LC available to bank A by negotiation). Bank A receives LC documents presented by beneficiary bank/beneficiary. Is Bank A compulsory to follow Art 14b as to have a maximum of …

Mr Old Man: 1/ Yes. A finance company can act as a remitting bank under a documentary collec...