CONFIRMATION FEE 2 QUERY FRO JESSS RConfirmation Fee To all forum members, who usually shoulder the confirmation charge if L/C confirmation is required by beneficiary? is it the Applicant or the Beneficiary? Thanks —————————- COMMENTWho to pay for confirmation fee ? It depends on the negotiating position of the beneficiary and the applicant in the underlying transaction, i.e., who needs who more. But … 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?