To make this more than a 3-party conversation... It is not a discrepancy if the documents are presented by a bank outside the U.S., i.e., who is not a nominated bank. The issuer may not refuse payment based on this reason. As Jeremy points out, however, because the bank is not a nominated bank, the ...

I'm sure there are others more conversant on maritime shipping law than I, but it has long been my understanding that the United States is the only country that defines what a "straight bill of lading" is (in the Pomerene Act of 1952, also known as the Federal Bills of Lading Act). In all ...

I'll enter the ring of fire here. I don't think the UCP places an obligation on the transferring bank to examine documents, so, the literal answer to the question is "No." There was a question raised about whether documents could be presented to anyone other than the transferring bank. We ...

I'm not sure what T.O.'s point is, so I'll just respond to the original question. You cannot change the place of expiry any more than you can change the documents required. This does not mean you cannot confine the place of expiry to something more specific than what is provided in the L/C. (You can...