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Availability
Posted: Fri May 04, 2012 1:00 am
by EMILYTRAN
Hi all,
If a credit not state the bank with which it is available, which bank a credit is available with? (any bank, issuing bank or advising bank)
I'm looking forward to hearing from you soon.
Thanks
Availability
Posted: Fri May 04, 2012 1:00 am
by DanielD
If a credit does not state with which bank it is available, it is in breach of article 6 a. and so, not correctly issued.
Regards
Daniel
Availability
Posted: Thu Jun 14, 2012 1:00 am
by GSham
Nonetheless an LC is always available with the issuing bank, in addition to any nominated bank.
Availability
Posted: Fri Jun 15, 2012 1:00 am
by HOANGTHIANHTHU_invalid
Hi,
The beneficiary should seek an amendment if the L/C does not state a nominated bank with which the L/C is available. Assuming the shipment has been made and such an amendment has not been issued, the beneficiary can present the documents to the issuing bank and the issuing bank must honour as L/C available with a nominated bank is also available with the issuing bank.
Best regards/N.H.Duc
Availability
Posted: Tue Jul 03, 2012 1:00 am
by EMILYTRAN
tks for yr comments.