LESSONS LEARNED FROM CASHEW EXPORT SCAM Lessons Learned From The Cashew Export Scam By Huu Duc Nguyen (https://www.tradeservicesupdate.com/editor?editor=editor_duc) The news that Vietnamese cashew exporters were at risk of being scammed for nearly 100 containers of cashew nuts worth about 20 million USD after exporting to Italy in early March 2022, shocked domestic public so much that the Prime Minister sent a telegram requesting relevant ministries … 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?