D/C available by negotiation with instructions to be confirm

General questions regarding UCP 600
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JadwigaNalepa
Posts: 4
Joined: Fri Apr 05, 2019 5:20 pm

D/C available by negotiation with instructions to be confirm

Post by JadwigaNalepa » Thu Nov 23, 2017 12:07 pm

In such construction:
Confirmed D/C oppened by Bank A, available with Bank B by negotiaiton (def payment), Bank B add's it's confirmation. Drawee: Bank A
1. Can Bank B add confirmation but not agree to negotiate documents and have obligation to the b
JadwigaNalepa
Posts: 4
Joined: Fri Apr 05, 2019 5:20 pm

D/C available by negotiation with instructions to be confirm

Post by JadwigaNalepa » Thu Nov 23, 2017 12:11 pm

beneficiary only as confirming not bank
2. If Bank B adds it;s cofirmation would it mean the automatically Bank B agrees to negotiate the documents?
3. How the draft should be drawn by beneficiary (who's the drawee) and how it should be handled
asamaha
Posts: 197
Joined: Fri Apr 05, 2019 5:16 pm

D/C available by negotiation with instructions to be confirm

Post by asamaha » Tue Feb 06, 2018 2:02 pm

Confirmation of a credit available by negotiation at the counters of the confirming bank means a definite undertaking of the confirming bank to negotiate a complying presentation and the draft must be drawn on the issuing bank
Regards
Antoine Samaha
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