Search found 2 matches

by TracyH
Fri Mar 21, 2014 12:00 am
Forum: UCP 600
Topic: request recall of negotiation after acceptance?
Replies: 2
Views: 3545

request recall of negotiation after acceptance?

If an L/C issuing bank sends an advice of acceptance to the negotiating bank advising due date, and the negotiating bank then wishes to recall the documents (without reason), what do you believe are the issuing banks responsibilities around returning documents?
by TracyH
Tue Jun 18, 2013 1:00 am
Forum: UCP 600
Topic: Early Presentation
Replies: 1
Views: 1734

Early Presentation

This has stirred a debate among our team. Field 48 of l/c states '21 days after shipment but in any event within the validity of the l/c' . Discrepancy has been noted - Early presentation. . I do not agree with this on the basis that field 48 is a defined SWIFT field which identifies this as the per...