WITH OR WITHOUT RECOURSE QUERY FROM FeLiCiA Hi Mr Old man. My name s Linh. I have a question. Would you mind helping me?I ve heard about types of LC: with recouse and without recourse. But I don't understand much. Can you explain it to me? If possible, please give some examples for clear understanding. Thank you ———————————– RESPONSES FROM MR. OLD MAN Hi … 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?