Can the Issuing Bank Raise the Same Discrepancy Again? Sometimes in LC practice, the simplest questions open the door to tricky details. Here’s one of those situations: a beneficiary fixes most discrepancies but forgets one. Can the issuing bank bring up that same old discrepancy again? Let’s see. ____ Question (from Chanchal): Dear Sir, Simple question. If the issuing bank sent advice of refusal to the negotiating bank with … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?