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Home Tag Archives: draft-payable-to-the-order-of-the-nominated-bank

Tag Archives: draft-payable-to-the-order-of-the-nominated-bank

DRAFT PAYABLE TO THE ORDER OF THE NOMINATED BANK

By Mr Old Man
March 7, 2010
in :  Q&A
45
8,859

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? …

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