BRANCHES OF A BANK IN THE SAME COUNTRY Intro There have been cases where an issuing bank refused to honour a credit on the grounds that the beneficiary presented the documents at a branch other than the branch expressly nominated in the LC, even though both branches belong to the same bank and are located in the same country. In such cases, the beneficiary is unable to re-present … Read More
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