ICC Digital Library Forum

A Nominated Bank which is not requested to confirm the credit has no obligation to honour or negotiate. However, art 12a allows it to commit itself beyond what is requested by the Issuing Bank but it must communicate this fact to the beneficiary.
So, the NB may add its confirmation to the credit, if requested by the beneficiary, without being authorized by the IB.
In this case:
1. does the NB have the same rights of an authorized Confirming Bank under the UCP600?
2. does it still have to conclude a separate agreement with the beneficiary as under a silent confirmation.
Your feedback will be highly appreciated.
Best Regards
Antoine Samaha

pls review art.2-meaning of confirming bank ("...upon the issuing bank's authorization or request").
unless l/c is amended allowing you to confirm, you may add a silent confirmation under a special agreement concluded between you and bnf.
you must be very carefull with the risks you are facing and the conditions the agreement will be under.
regards,
bogdan