QUERY FROM GhubshawiCan the issuing bank negotiate? Dear All, According to article 7.a.i & b of UCP600 the responsibility of the issuing bank is limited to honour and not to negotiate. Assume that a deffered L/C is available by negotiation with a nominated bank and that bank doesn't negotiate, could the issuing bank, in light of article 7.v., negotiate in …
CAN THE ISSUING BANK DISCOUNT ITS OWN ACCEPTED DRAFT OR DEFERRED PAYMENT UNDERTAKING?
Nguyen Huu Duc: Is it ok?...