Articles Mr Old Man The website has just been renewed until December 2028 By Mr Old Man Posted on October 11, 2024 1 min read 0 0 778 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Dear Readers, I hope this message finds you well. I would like to express my deep gratitude to you for your interest in my Q&A and articles related to international payments and trade finance as well as articles on other topics posted on www.mroldman.net. I believe that they have helped to some extent to solve the problems you encounter in your daily work as well as bring you relaxing moments. Your interest is the motivation for me to continue my favorite work. I will maintain this website as long as you find it useful. I would like to take this opportunity to inform you that the website has been just been renewed until December 13, 2028. You can continue to send questions related to letters of credit, guarantees and trade finance and I am always ready to answer as soon as possible. Wishing you good health, happiness and advancement in your work. With heartfelt appreciation. Mr. Old Man
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?