DRAFT ENDORSEMENT QUERY Draft endorsement. LC stated drawee bank is the issuing bank (ABC branch), drafts were endorsed pay to the order of (name of the issuing bank – w/o branch name)… . Then the drawee bank has deducted discrepancy fee for irregular endorsement on drafts , so would you tell me more about this?. Thank you! Q.Lien/VCB VT —————————————– MR. OLD … 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?