A DOCUMENT COVERING MORE THAN ONE FUNCTION MAY BE PRESENTED AS SEPARATE DOCUMENTS QUESTION Dear Mr. Old Man, Please help me with this case: The L/C requires the following document: “Certificate of Antibiotic and Chemical certified by NAFIQAD” We presented two separate documents: Certificate of Antibiotic Certificate of Chemical However, the bank refused the documents, stating that they should have been presented as a single document instead of two separate ones. Please provide … Read More
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?