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Availability

Posted: Thu Nov 18, 2021 4:40 am
by firas
Dear experts

Can issuing bank be nominated bank under field 41 A

Thank for your support

Regards

Re: Availability

Posted: Thu Nov 18, 2021 10:41 am
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