CAN THE ISSUING BANK REFUSE TO HONOUR THE CONFIRMING BANK IF IT FINDS THAT THE DOCUMENTS PRESENTED CONTAIN DISCREPANCIES? QUESTION Dear Mr. Old Man, Would appreciate your feedback on the following: Issuing bank issues an LC which is confirmed by the nominated bank. In field 78 issuing bank has stated that payment in favour of the confirming bank will be affected 4 bank working days from the date of the confirming bank’s swift to the issuing bank stating that … Read More