ICC Digital Library Forum

When a confirming bank confirms a L/C issued by a issuing bank they take the credit and country risk of the issuing bank only.

My question is what will happen to the documentary and operation risk ?

What will happen if the issuing bank refuse to pay due to some fictitious discrepancy.

Shahed

The confirming bank is also taking documentary risk -- it is precluded from dishonour if it fails to reject a discrepant presentation in accordance with article 16.

Regards,
Gabriel