Consignee on documents other than C/O (updated) QUESTION Dear Mr. Old Man! It is understood that where a bill of lading is made out to the order of the issuing bank, the certificate of origin may indicate the L/C applicant as consignee. I wonder whether this is also applicable to other documents like insurance policy, invoice, packing list… . Thank you. ————– ANSWER Hi, According to ISBP … 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?