Does this specific clause impacts the LC itself considering Art # 4 of UCP 600?

Regards,
Sohail

We must not discount the definitions given in the Art 2 of UCP 600 viz a viz Art 12 (b), Art 7 (c), 8 (c) & 12 (b), which technically covers the discounting element as well.

What’s your thoughts? Appreciate, if you may please comment.

Thanks,
Sohail

Smith,

Considering the title of the discussion and the mail from the Joee, it seems we are discussing ‘discounting’ and not ‘negotiation/purchase’ with recourse.
Any ways, thanks for adding here.

Sohail

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