REVOLVING LETTERS OF CREDIT EMILY’S QUESTIONSent To: Mr. Old Man Revolving L/C! Good morning, Mr O.M Have you gone back DN after a visit in HN? And did you have a nice time in HN? Today, my customer has a request for opening a Revolving L/C. I have never issed this kind of L/C so I feel a little embarrassed. I have read some … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?