WHAT DOES SIGHT MEAN? QUERY FROM WARLORD Hi all, Am new in LC world and to this forum, i luv this job:P, as lot of stuff encounters me every day. I have simple question, nobody answers me straight away in my bank for the meaning of SIGHT. Does it mean, Sight by Issuing Bank, Sight of Beneficiary's Bank, or what? In addition, what do … 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?