WHAT ARE DISADVANTAGES IF THE BENEFICIARY PRESENTS THE DOCUMENTS TO A BANK OTHER THAN THE NOMINATED BANK QUESTION Dear Mr. Old Man, I have some questions for you as follows: LC is available with Bank Y in Country X by negotiation . However, the beneficiary presents the documents to Bank Z in Country X. My questions: 1/ Can the beneficiary present the documents to Bank Z? 2/ What are disadvantages if the beneficiary does not present the … Read More
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?