I would appreciate your comments on the behaviour of an issuing bank that refused a set of documents for - in our view - a spurious discrepancy disguised as strict compliance. ABCD Banking Corporation Limited issued a letter of credit, available at its counters, that required the presentation of a b...

Thank you so much for your valuable comments. The problem was satisfactorily solved as the issuer recognised the lack of grounds for its position. Anyway, I had the opportunity of contacting Kim Sindberg through L/C Views who, while also considering that there is no conflict whatsoever, raised this ...

We would appreciate your opinions on the case that follows: Bank I issued a letter of credit where the merchandise description included the reference of purchase order ABC/0-123/X1. Bank C, as requested to, added its confirmation to the credit and latter received a presentation that was considered c...

If the applicant waives the discrepancies noted and the waiver is accepted by the issuing bank, he is supposed to take up the documents from the issuing bank. Delivery of documents to the applicant makes the issuer liable to honour, even if its message is not, in some occasions, as clear as it shoul...

Even if the document has been elevtronically generated in its entirety (signature included) banks are to treat it as an original.
You should perhaps refer to official opinion TA737rev which, though dealing with a somehow different situation, provides a clear guidance.
Have a nice day.

Sorry, Jeremy and Don, I made a mistake in my message dt. August 16th. The SINGLE presentation consisted of EIGHT commercial invoices, sequentially numbered, for different amounts but with the same date and EIGHT road consignment notes (CMR), one for each truck with different dates. Each one of the ...

Good afternoon, Don. No draft was actually required or presented. Presentation consisted of six commercial invoices, sequentially numbered, for different amounts but with the same date and six road consignment notes (CMR), one for each truck with different dates. The nominated bank's instructions in...

Would appreciate your views on the following situation: A l/credit allows partial shipments and is available with the advising bank at 90 days after invoice date. Documents required are a commercial invoice and a road consignment note (CMR). The nominated bank, under a single cover letter, makes a p...

First, thank you for your participation. We had the oportunity of approaching this question with Mr. Xavier Fornt from ICC Spain who thinks that art 31 b) simply does not apply in this particular case because there are different means of conveyance (six different trucks) and therefore, even if the p...

I would appreciate your comments about the following situation: A beneficiary of a letter of credit allowing partial shipments, presented a single commercial invoice accompanied by six different CMR corresponding to the merchandise that he had dispatched in six different dates, in different trucks, ...