DISCREPANT OR NOT? QUERY FROM PAN goods description differs in invoice, bill of lading etc. Goods description in a documentary credit is 29.000 m2 plus/minus 10 PCT. In availment Invoice for 28.500 m2 is presented, together with bill of lading and EUR certificate in which is indicated 29.000 m2 plus/minus 10 PCT, reporting in full the doc. credit goods description. Are documents discrepant … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?