The due date should be calculate from the date of acceptance of the discrepancy

Glenn,
Thanks your comments are helpful.
Jeremy's response about my bank tracking every shipment does not reflect my communication. I only mentioned this as a possible concern.

An example of such risk is the fact that there is no bill of lading. From compliance perspective we may not be able to track the movement of goods on IMB for AML purposes.

Forwarders cargo receipt is not a Transport document and as such when a letter of credit(Subject to UCP600) calls for FCR, document checking will be based on Art 14F.

What are the potential risk that a confirming bank may face and how can these be mitgated.

Under UCP600 Beneficiary Under letters of credit can present documents with a different address as long as it is within the same Country.

Under a standby, would a demand be regarded non-compliant if it this were to be the case?

Attention is being drawn to the issue regarding drawing of drafts under a UCP600 confirmed credit available by ' negotiation ' with the confirming bank. This clarification is necessary because of different interpretations among LC practitioners. The contention here is whether drafts under confirmed ...

There has been a general discussion regarding a Demand for payment under a standby letter of credit subject to ISP98. The question is: If the documents presented by the beneficiary indicated an address different from the address shown in the letter of credit, would this be considered a discrepancy u...

I have a specific question on the change in title to the goods under a blank endorsed BL - is it at the ships rail as in Inco terms (CFR A5). When does title actually change from the Vendor to the buyer?

Thanks everyone for your input, very helpful! As prompted by the discussion, I believe the answer to my initial question lies in art.2, the definition of "negotiation" which actually imposes no obligation on the negotiating bank to advance funds to the beneficiary before reimbursement from...

According to art. 8-a, ii of UCP 600, provided that compliant documents are presented to the confirming bank, the confirming bank must "negotiate, without recourse, if the credit is available by negotiation with the confirming bank". We had a discussion at our bank with regard to the inter...