FREIGHT PREPAID VS FREIGHT PAYABLE AT BASEL QUESTION Dear Mr. Old Man, LC requires: Full set of original Bills of Lading made out to order of the issuing bank marked FREIGHT PREPAID… Presented Bill of Lading indicates “FREIGHT PREPAID” and also indicates “FREIGHT PAYABLE AT BASEL”. Can I raise the discrepancy “Bill of Lading shows conflicting information about freight , i.e., Bill of Lading indicates “FREIGHT PREPAID” … 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?