To create some actions in the quiet eUCP section, we would like to raise another query for members to work with. This query also originates from the eUCP case studies held in Rome prior to the ICC Banking Commission meetings.
In a DC subject to eUCP that allows presentation of either paper documents or electronic records, the beneficiary presents ALL the required documents in paper format in one presentation but without presenting any NOC (Notice of Completeness).
Does the time start to run for examination of documents and for giving refusal notice, if required, after the receipt of such presentation?
SPECIAL REQUEST:
Those who have attended the eUCP case studies in Rome please hold their tongues to allow other members to work out the answer themselves.
www.tolee.com
[edited 11/5/02 5:32:32 PM]