WHERE THERE IS NO COLLECTION INSTRUCTION QUERY FROM V.Tohidi AS AN L/C SPECIALIST WORKING IN BANK, I HAVE RECEIVED A SET OF DOCUMENTARY COLLECTION WITHOUT COLLECTION ORDER , DIRECTLY FROM THE BENEFICIARY WHICH THE B/L IS TO THE ORDER OF THE BUYER.WHAT SHOULD I DO WHILE 1- THERE IS NO COLLECTION ORDER 2- B/L IS TO THE ORDER OF THE BUYER AND NOT TO THE ORDER … 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?