ICC Digital Library Forum

A) Presenter means a beneficiary, bank or other party that makes a presentation.
- Question: Who is the "other party"?

B) Negotiation means the purchase .....
- Question: Could negotiating bank step into the shoes of beneficiary when it only negotiates 1 dollar or only partial negotiatge the bill?

To answer the first question, "other party" can mean a freight forwarder, a document preparation company, a financial institution other than a bank, an attorney.....basically any party who the beneficiary has authorized to act as their agent for the purpose of presenting documents.

Second question: see DCInsight, Jan-March 2007 p. 15
Daniel