Verification of beneficiary's signature
Posted: 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
Regards,
Shahed