EXCLUSION CLAUSE IN INSURANCE POLICY QUERY FROM DONATClause in insurance policy I, issuing bank, received insurance policy issued on may 6, 2008 to cover shipment with on board date may 7, 2008. The insurance policy stated the following clause: 'subject to no known loss prior to may 12, 2008'. May that clause be reason of discrepancy? i am waiting for your comments. Ciao. ——————————————— MR. … 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?