ANY SAFE PORT – LATE PRESENTATION – LC EXPIRED QUESTION Good morning, Sir 1/ LC requires Port of Loading as Any safe port of Iraq. What is basic guidance or ICC opinion for on safe port? 2/ If the presentation period is 21 days or within the LC validity and shipment and expiry date differ 30days in LC, when will be “late presentation” ? Obidur —- ANSWER Hi, 1/ … 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?