Art 7 C

General questions regarding UCP 600
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EddyDeCoster_
Posts: 1
Joined: Fri Apr 05, 2019 5:17 pm

Art 7 C

Post by EddyDeCoster_ » Wed Mar 30, 2011 1:00 am

An issuing bank undertakes to reimburse a nominated bank that has honoured or negotiated a complying presentation and forwarded the documents to the issuing bank......

What if the credit prescribes a certain courier service and this courier service is unable to pick-uo the documents and to deliver them owing to circumstances beyond their control (war, civil commotions etc)?
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NigelHolt
Posts: 1449
Joined: Fri Apr 05, 2019 5:24 pm

Art 7 C

Post by NigelHolt » Wed Mar 30, 2011 1:00 am

Under any sensible system of law the nominated bank would remain protected by 7(c).
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