QUERY FROM SHAHRIAR dear duc, thanks for your excellent analysis. as you have said that a draft is required for a post export finance and nominated bank require a draft for negotiation. but the draft in concern is never on the nominated bank and therefore not even endorsed by them. how can then a draft help a nominated bank then? …
DRAFT PAYABLE TO THE ORDER OF THE NOMINATED BANK
Mr Old Man: Dear Kathryn, Thank you for your interesting question. First, banks do not conce...