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- Tue Aug 21, 2001 1:00 am
- Forum: General
- Topic: Liability of LC applicant bank asking for re-issuance of LC
- Replies: 2
- Views: 1871
Liability of LC applicant bank asking for re-issuance of LC
I would like to seek some expert help on this issue. We receive a MT700 message from a bank asking us to issue LC on behalf of them. The said bank didn't say any words in the MT message, just put their name in the field "Applicant Bank" of the MT700. As per our understanding, we have an co...