CONFIRMING BANK'S LIABILTY TOWARD DISCREPANT DOCUMENTS NEW CASE STUDY FROM Mohammed al-kelani Dear colleagues in trying to present the most important cases that might face any of us during handling an L/C kindly give some minutes of your time to think about the following; an L/C is issued available with a nominated bank by sight payment requesting the nominated bank to(ADVISE/CONFIRM) the L/C besides being the … 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?