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by SikHongYap
Mon Nov 05, 2001 12:00 am
Forum: UCP 500
Topic: Fraudulent documents
Replies: 5
Views: 3216

Fraudulent documents

Art.15 will be used by banks to protect themselves in this query. Once payment have been effected which is obviously a satisfactory condition which imply that the issuing bank examined the stipulated documents which conform to their LC terms and conditions. Quite surprised, the issuing bank now clai...