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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


Post by firas »

Dear experts

Can issuing bank be nominated bank under field 41 A

Thank for your support

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Posts: 1963
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
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