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- Tue Dec 23, 2003 12:00 am
- Forum: General
- Topic: failure to hold claim by negotiating bank during the 3-day p
- Replies: 1
- Views: 1222
failure to hold claim by negotiating bank during the 3-day p
The query is as follows: Applicant Nepalese bank issued a L/C favoring Beneficiary for $ 1.8 M. An international bank operating in beneficiary country was the Confirming Bank. It was empowered by the terms of the L/c to negotiate the credit w/i 3 days of Swift notification to Applicant Nepalese bank...