TYPING ERROR QUERY FROM KIM LOAN Dear Mr. Old Man, I would like to ask your comment because its really my matter now…. Invoice presented : In the box of description of goods: + Commodity : A + Unit price : 440usd/mt + Total amount : USD18.038,4 (the total amount is less than LC amount , LC allow partial shipment ) Also … 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?