WHETHER AN SBLC CAN BE ADVISED TO THE BENEFICIARY IN CARE OF ANOTHER COMPANY QUESTION Dear Mr. Old Man, Greetings from Istanbul City – Turkey, I have 2 questions and need your “help please”, Question 1: Our company registered at UK-London and Buyer company located in Dubai, but because of Coronavirus we do not go back to London and work from here Istanbul home based. Buyer bank has correspondent bank account at Commerzbank and … 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?