hi there.
docs strictly complying are presented to negotiating bank. l/c states docs to be sent to issuing bank in 2 separate lots.nego.bank send them in one lot,by courier.
issuing bank reject docs as haven't been sent in 2 lots.
is this a valid discrepancy?
no b/l is required under l/c.
thanks in advance for your opinions.
bogdan.
bank to bank instructions
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KimChristensen
- Posts: 404
- Joined: Fri Apr 05, 2019 5:21 pm
bank to bank instructions
Dear Bogdan,
My view: No this is not a valid reason for refusal. Compliant documents are presented, so the issuing bank must pay.
The risk (as I see it) is if docs are lost in transit, and nominated bank has not followed the instructions given.
Best regards
Kim
My view: No this is not a valid reason for refusal. Compliant documents are presented, so the issuing bank must pay.
The risk (as I see it) is if docs are lost in transit, and nominated bank has not followed the instructions given.
Best regards
Kim
bank to bank instructions
thank you kim.
regards,
bogdan
regards,
bogdan