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by JohnP
Fri Nov 09, 2001 12:00 am
Forum: UCP 500
Topic: Amendment; - Confirming Bank's obligation to the Beneficiar
Replies: 6
Views: 3774

Amendment; - Confirming Bank's obligation to the Beneficiar

Does the Confirming Bank have an obligation to the Beneficiary, to Advise accurately, the Amendment instructions received from the Issuing Bank? Whilst the principle of "reasonable care" is established within Article 7, does this principle extend beyond checking "the apparent authenti...