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Home Tag Archives: covering schedule date

Tag Archives: covering schedule date

Can a Mistyped Covering Schedule Justify a Discrepancy Under UCP 600?

By Mr Old Man
10 minutes ago
in :  Mr Old Man, Payment, Q&A
0
7

Intro A simple typing error can sometimes lead to an unnecessary dispute in documentary credit operations. But can an incorrectly dated covering schedule justify a late-presentation discrepancy when the documents were actually presented within the stipulated time limit? In this case, the issuing bank refused to withdraw the discrepancy and intended to deduct a discrepancy fee from the proceeds of …

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

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