AMBIGUOUS REQUIREMENT QUERYCert of Quality issued by an independent surveyor at Loading port Dear sir, L/C require : –shipment from port A to port B –certificate of quality issued by an independent surveyor at loading port, in duplicate presented document: (certificate of quality) point 1) certificate of quality with title "certificate of quality issued by an independent surveyor at loading port" point … 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?