BRANCHES OF A BANK IN DIFFERENT COUNTRIES ARE SEPARATE BANKS QUESTION Hi If date and place of expiry in letter of credit says 21st Nov 2023 Singapore. However, the documents were presented in a bank located at China. Does this constitute a discrepancy? I did not find anything in this regard in UCP or ISBP. As always thank you for your cooperation. Regards, Siddhartha — ANSWER Hi, You did not tell me which … Read More
BRANCHES OF A BANK IN THE SAME COUNTRY QUERY FROM ABDUL JALEELCredit available with confirming bank's branch in the same countryWed, 03/10/2010 – 23:45 — abdul jaleel Hi, Pls, someone can assist me on this : We have a L/C stating as CREDIT AVAILABLE WITH …. BY PAYMENT. In this case, do we need to submit the documents in our Banker's counter or at the confirming bank's branch … 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?