Confirmation to amendment

Shahed · Post by **Shahed** » Tue Jul 15, 2008 1:00 am

Hello everybody,

When a bank decided to confirm an export L/C, it indicate in the advice that they have added their confirmation.

My question is does it require to mention it again in the amendment advice to beneficary. I mean when a confirming bank advice any amendment do they need to mention in their advice again that they advice the amendment adding confirmation. What happens if they remain silence in the amendment advice ?

Is there any ICC opinion in this regards.

Thanks,

Shahed
Toronto

PavelA · Post by **PavelA** » Tue Jul 15, 2008 1:00 am

If the confirming bank confirmed the L/C and then there is an amendment to it which they do not want to add their confirmation to, then acc. to art. 10 (b) UCP 600 the confirming bank must so inform the Issuing bank and the Beneficiary. If the confirming bank fails to do so, in my opinion, it would be deemed that the confirming bank confirmed the amendment and would be consequently bound by it.

Kind Regards
Pavel

RolfFelber · Post by **RolfFelber** » Mon Jul 28, 2008 1:00 am

Hi

I agree totally with Pavel's comments.
Regards
Rolf