Late Presentation Discrepancy

[ROZAANASIFAR]

DC has been issued available with any bank in the beneficiary's country and it contains a penalty clause
in case of a late presentation.

A full set of documents have been received and we as the DC issuing bank had quoted the discrepancy ‘Late Presentation’
considering the presenting bank schedule date since the presentation date was not specifically mentioned on the same.

An advise of resulsal sent to the presenting bank and notified the discrepancies to the DC Applicant simultaneously
on 13th April 2023.

On 19th April 2023, DC applicant accepted discrepancies and had given instructions to deduct the penalty charges
for the late presentation as per the DC terms. Subsequently full set of documents have been released and sent out the
advice of acceptance (MT752) to the presenting bank accordingly.

After the acceptance message was sent deducting the late presentation penalty charges, presenting bank has confirmed
the receipt of documents within the presentation period and have requested to disregard the late presentation discrepancy
and to waive off the applicable penalty charges.

Please advise the actions required to be taken from the Issuing bank perspective.

[ESREFSAIDUNLU]

According to presenting bank's new information subject discrepancy should has been raised in my view.Issuing bank would asked about presentation date to be avoid argue with presenting bank in 5 banking days in examination process before refusal of advice. If you dont prefer to indicate place of expriy as ıssuing bank counters in field 31D , Issuing bank should pay regard to presenting banks notice. In addition , presenting bank' bank action would be good banking practice if they had been written presentation date on their remittance letter. Summary, discreapancy is invalid.