DISCREPANCY OF “EARLY PRESENTATION” QUESTION Dear Mr. Old Man, Occasionally LCs have clause like- 48: after 21days after BL date but within validity of LC Or another unique case 48: 21/ refer 47A 47A: After 21days of shipment but within validity of LC I believe it should rather have a clause stating, payment will be effected 21 days after BL, if the intention is … Read More
EARLY PRESENTATION QUERY________________________________________From: nga thanh []Sent: Mon 11/23/2009 3:07 PMTo: Nguyen Huu Duc (DNG)Subject: Loi chung tu? Gửi anh Đức, Lần trước em đã hỏi anh tình huống đòi tiền Ngân hàng nào là đúng. Việc đó đã giải quyết xong rồi anh ạh. Ngân hàng em đã nhận được thanh toán của Nước ngoài. Lần này em lại gặp trường hợp … 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?