Availability

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firas
Posts: 37
Joined: Wed Jul 04, 2012 2:37 pm
First Name: firas
Last Name: albayati
Organization: investment bank
Filter: Two Plus Two =: 4
Location: Iraq

Availability

Post by firas »

Dear experts

Can issuing bank be nominated bank under field 41 A

Thank for your support

Regards
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picant
Posts: 1962
Joined: Wed Aug 20, 2008 1:49 pm

Re: Availability

Post by picant »

Hi Pal,

It is possible, I think not for negotiation, moreover the expiry date could be in the Country of beneficiry, so the beneficiry can present documents within the expiry date to a bank in its Country, supporting the risk of loss of the documents in transit, in the past said "expiry date... in Beneficiary's Country for docs presentation only".
Other comments appreciated
Ciao
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