WHETHER THERE ARE CASES WHERE THE ISSUING BANK HAS ACTED IN A MANNER THAT FAVOURS THE APPLICANT AND HARMS THE BENEFICIARY QUESTION Hi Mr. Old Man, Thank you for the prompt response. I’ve spent few hours browsing the Internet before writing this email but still have questions that I can’t find the answers for. If you click this link, the article says: “The applicant has not provided its waiver of discrepancies within the time allowed by the UCP 600 (which can be no … Read More
EXPIRY DATE Prabhuseetharaman's Query on Expiry Date Hi, I have a doubt regarding expiry date. Let us take the following case: L/C available with ABN AMRO Bank, China By Acceptance. Expiry date is 25/01/08. Benefeciary presented the docs to ABN AMRO, China on 25/01/08. In the above case what time limit does the nominated have to check the docs and forward the … Read More