LC CANCELLATION A FUNNY QUERY Sun, 03/22/2009 – 02:38 — warlord9609 Hi all Long time for me since I wrote in the forum, maybe because we had a tough few months with our new system in the bank, and for our LC Dept. specifically: LOL , its funny with my client, he opened an LC, the bene. in Turkey, Now applicant wants … 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?