THE ABSENCE OF AN LC NUMBER OR MISTYPING THAT NUMBER ON A DOCUMENT DOES NOT CONSTITUTE A REASON FOR REFUSAL QUESTION Top urgent Mr. Old Man, Bank S in UAE has stopped our payment by pointing out a single discrepancy that charter party bill of lading evidences LC issue date 24.6.24 instead of 21.6.14. However, LC not demands LC number or issue date nowhere in 46a or 47a. Moreover, Field 47A of LC says “obvious typography, spelling errors are … Read More
LC NUMBER and DATE QUESTION Hi Can a bank contest a discrepancy claim based on ICC banking commission opinion? LC required a Railway Receipt to mention LC no and date ( In clause 47 of MT 700). However, it was not mentioned, and the issuing bank raised a discrepancy. Nominated bank has contested the said discrepancy citing “ICC Banking Commission Opinion R289” Is this … Read More