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  • 7 hours ago How Should a Letter of Credit Financed by the World Bank Be Issued?
  • 2 days ago Consignee on a Certificate of Origin When the Bill of Lading Is Endorsed to the Issuing Bank
  • 3 days ago Đừng để học sinh gánh hậu quả từ sai sót của người lớn
Home Tag Archives: discounting-by-the-issuing-bank

Tag Archives: discounting-by-the-issuing-bank

DISCOUNTING BY THE ISSUING BANK

By Mr Old Man
March 7, 2010
in :  Uncategorized
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QUERY FROM NESAR AND COMMENT FROM MEHDIPost subject: Discounting by issuing bank Nesar: Dear All, A credit is available with a nominated bank by acceptance.Draft Drawn on nominated bank for 180 days after sight. query: Can issuing bank discout this bill? RegardsNesar——————————- Mehdi: I am not sure such arrangement of delayed payment is allowable under the existing regulations of the …

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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