FROM ISSUANCE DATE AND NOT ON BOARD DATE QUERY FROM JIMMY Hi there, l/c requires in field 48 period for presentation ''presentation to be made within 7 days after the date of issuance of transport documents but within the l/c validity'' In case b/l presented bearing an issuance date and a different on board date which date is to be taken for calculation of the a/m presentation period? … 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?