Verification of beneficiary's signature

General questions regarding UCP 600
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Shahed
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Joined: Fri Apr 05, 2019 5:26 pm

Verification of beneficiary's signature

Post by Shahed » Mon Nov 10, 2014 12:00 am

If there is any demand under a SBLC (issued subject to the UCP 600 or IP98) presented by a foreign beneficiary, is there any requirement for the issuing bank to verify the signature of the foreign beneficiary appearing on the demand, prior to make payment ?

Regards,

Shahed
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