LIABILITY OF ISSUING BANK UNDER AN INJUNCTION QUERY FROM PhanThanhNhan – Viet Nam Liablity of the issuing bank under the injunction situation Pls give your comments and advice for the following case: – The issuing bank A issued an L/C for USD80,000.00 – The Bank B of the beneficiary mailed the full set of documents to the issuing bank. – After receiving these documents, the Issuing Bank … 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?