ASSIGNMENT UNDER URDG QUERY FROM DOAN THU Pls help me on an issue out of your interest I am working on the guarantee proceduree. URDG states that The beneficiary s right to make a demand under a Guarantee is not assignable unless expressly stated in the Guarantee or in an amendment thereto. The Guide to URDG explains that the ben can make a … 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?