contrary instruction from the beneficiary
Posted: Thu Jul 28, 2011 1:00 am
Dear All,
While forwarding a document to the issuing bank, nominated bank instructed the issuing bank that
" IN CASE OF DISCREPANCY-PLEASE HOLD THE DOCUMENT AT OUR DISPOSAL"
Issuing bank acted accordingly while serving notice of refusal THROUGH MT 734 by mentioning "PREVINST"
two days later the beneficiary send a legal notice to the the issuing bank that please send the document to the Beneficiary address directly rather than the presenter ..what will be the course of action of the issuing bank?
While forwarding a document to the issuing bank, nominated bank instructed the issuing bank that
" IN CASE OF DISCREPANCY-PLEASE HOLD THE DOCUMENT AT OUR DISPOSAL"
Issuing bank acted accordingly while serving notice of refusal THROUGH MT 734 by mentioning "PREVINST"
two days later the beneficiary send a legal notice to the the issuing bank that please send the document to the Beneficiary address directly rather than the presenter ..what will be the course of action of the issuing bank?