Search found 2 matches

by JohanBergamin
Fri Dec 10, 2010 12:00 am
Forum: UCP 600
Topic: PRESENT DIRECTLY TO ISSUING BANK
Replies: 9
Views: 5720

PRESENT DIRECTLY TO ISSUING BANK

what is your reason for including such a request in your l/c's?
by JohanBergamin
Fri Oct 30, 2009 12:00 am
Forum: UCP 600
Topic: discounting confirmed standby l/c
Replies: 5
Views: 3291

discounting confirmed standby l/c

we added our confirmation to a standby l/c that has a validity of 360 days. Drawing documents : statement from bene that applicant has defaulted under a certain contract. Bene asked us to discount immediately upon receipt of the l/c, giving us an undated claim document. I refuse, stating he can not ...