AVAILABILTY GHUBSHAWI'S QUERY Dear All, Can the L/C be available with the confirming bank, in case the nominated bank is other than the confirming bank? If no, what is the point for the confirming bank to add it's confirmation for an instruement not available with him? Please help with your comments. Best, Ghubshawi ———————————– COMMENT Based on Art. 6 (a) which … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?