Dear,
keeping aside the formalities.
The issuing bank can discount and pay the bill but must be without recourse.

Dear, I hereby quote the respective portion of OBN recommendation paper: [in point 5 conclusion part (b)] "where the bill of lading indicates a place of receipt that is different from the port of loading i.e., place of receipt Amsterdam and port of loading Rotterdam BUT there is NO indication o...

Dear, ISBP Paragraph 178: If it is apparent from the credit or from the documents that the final invoice amount only represents a certain part of the gross value of the goods (e.g., due to discounts, pre-payments or the like, or because part of the value of the goods is to be paid at a later date), ...

DEAR,
ALL DOCUMENT SHOULD BE TREATED AS ALL SHIPPING DOCUMENT AS DEFINED IN ISBP PARAGRAPH 21(A)
.
DRAFT IS NOTHING BUT FORMAL CLAIM FROM THE BENEFICIARY TO THE ISSUING BANK OR CONFIRMING BANK OR NOMINATED BANK [AS THE CASE MAY BE]
.
HENCE NO DISCREPANT.

[edited 8/9/2011 3:41:58 PM]

Dear All, While forwarding a document to the issuing bank, nominated bank instructed the issuing bank that " IN CASE OF DISCREPANCY-PLEASE HOLD THE DOCUMENT AT OUR DISPOSAL" Issuing bank acted accordingly while serving notice of refusal THROUGH MT 734 by mentioning "PREVINST" two...

yes i do agree but when the issuing bank mentioned the document holding at the disposal of the presenter... the issuing bank can not seek waiver from the applicant and release the documents after receiving waiver from the applicant acceptable to them.... that why it is contradict.... what do u think...

Dear All, the basic point ,in one hand of the disposition of document stipulated that the issuing bank holding the document... on the other hand the same issuing bank mentioned that upon receive of applicant waiver they will release the documents... is the two statement not conflicted each others. y...

A Credit asked for: -Bill of lading & - A certificate issued by the Bureau Veritus ltd. evidencing that Goods have been inspected at loading point ensuring condition of packages and goods. The presented bill of lading is silent about the conditions of the goods and packages. However the presente...

Dear Kim, Practitioner assume that : 1. DPU Bank discount the bill under UCP 500[despite absence of explicit reference] and results Banco Santander Case followed by remarkable change took place in sub article 7(c),8(c) and 12 (b). 2. The same assumption was also result "Original Document contro...

Dear, Beneficiary define under this Law from Drawing perspective i.e. who is entitled to have its complying presentation honored. [which is also the conclusion of Nesarul's article] . From my point of view drawing is the distinctive feature of the Beneficiary which make its aparts from other. . More...