Issuing Bank/Negotiating Bank/Applicant-not accepted the document and returned

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AumAmeya
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Issuing Bank/Negotiating Bank/Applicant-not accepted the document and returned

Post by AumAmeya »

Dear experts , please advice how to proceed if documents not accepted by issuing bank/ Applicant .And we have not receive any discrepancy advise from negotiation bank and IB as well. Please advise how to proceed further
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picant
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Joined: Wed Aug 20, 2008 1:49 pm

Re: Issuing Bank/Negotiating Bank/Applicant-not accepted the document and returned

Post by picant »

Hi Pal,

where it is possible for negotiating bank to refuse presentation, if the documentary credit has not been confirmed, the issuing bank is obliged to honor. Its refutal could be due to embargoes or sanctions, but it must be proved.
A legal advise necessary, the let us know.
Ciao
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