ICC Digital Library Forum

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.

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

thank you kim.
regards,
bogdan