CONFIRMED AND CONFIRMABLE QUERY FROM CHARLESLC’s confirmed or confirmable Need advise – Could someone explain the meaning of LC’s be confirmed or confirmable – What is the difference? I appreciate any help with this Charles————————COMMENT FROM ARMAGEDO Simple Hi! I think this refer to discussion of contract or something like this CONFIRMED means that LC should bear confirmation upon issuance. And, as for … 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?