QUESTIONS ABOUT D/P AT xx DAYS FROM B/L DATE and CLEAN COLLECTIONS QUESTION Dear Mr. Old Man, I have some questions to ask you: 1) Why do banks reluctantly accept D/P 90 days after B/L date? 2) Why do banks provide clean collections of checks only, and not bills of exchange? Best regards, ————– ANSWER Hi, 1) Why do banks reluctantly accept D/P 90 days after B/L date? According to ICC Opinion … 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?