discrepancies

General questions regarding UCP 600
Post Reply
JoeE
Posts: 10
Joined: Fri Apr 05, 2019 5:20 pm

discrepancies

Post by JoeE » Sat May 12, 2012 1:00 am

A confirming bank checks a presentation under UCP600and finds discrepancies which they relay to the issuing bank requesting authority to accept. The latter accepts after obtaiing applicants authority. Subsequently the issuing bank notes other discrepancies. Does it only reject the additional discrepancies to the presenting bank and seek authority from applicant?

Thanks Joe BOV Malta
NigelHolt
Posts: 1449
Joined: Fri Apr 05, 2019 5:24 pm

discrepancies

Post by NigelHolt » Mon May 14, 2012 1:00 am

Yes.
Post Reply