DOUBLE CONFIRMATION QUERY FROM Khalid Ifthikar – United Arab Emirates Even though UCP 600 does not mention or prohibit, can an Issuing bank request Bank A to add confirmation and request Bank A to advise the LC to Bank B for re-confirmation of Bank A risk.If this is clearly worded in the LC, should Bank B treat the issuing bank as primary … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?