ICC Digital Library Forum

An LC is issued with a Usance of 120 days, which is available with a nominated bank, which also states " all bank charges outside the issuing bank's country are for beneficiary's account. Nominated bank negotiates and forwards documents to issuing bank. Issuing bank sends an acceptance message for an acceptance of documents value minus the charges for acceptance USD 35/-. Negotiating bank has refused to pay USD 35/- stating that they have not sought any acceptance from issuing bank on their covering schedule and they have negotiated clean. Issuing bank has contended that it is an accepted international banking practice to send acceptance message and are insisting of the charges. Issuing bank also contends if the documents were discrepant, acceptance would have been sent. whose stand is correct - nominated bank or the issuing bank?
Regards

The Nominated Bank is right
Regards

Why do banks waste their time arguing over such trifling sums?

I'm not clear as to why the issuing bank charges USD35 to the beneficiary as their charges are for account of the applicant as per LC terms!