Confirmation From Nominated Bank On Previous Presentation

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umsara
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Confirmation From Nominated Bank On Previous Presentation

Post by umsara » Sun May 25, 2014 4:09 am

thank you in advance for your help in the following case your prompt reply is highly appreciated:
If Documents Are Presented To The Issuing Bank By The Beneficiary Or Non-Nominated Bank, Will The Issuing Bank Inquire Of The Nominated Bank For Confirmation Of No Previous Presentation For The Same Goods Or Value?

Navi
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You have to contact...

Post by Navi » Tue May 27, 2014 8:05 pm

Hi friend,

If there is a nominated bank in the LC, you have to contact nominated bank to avoid any double presentation. In case you do not, and beneficiary make presentation to nominated bank which complies to LC, you may have to honour that presentation also since nominated bank is the bank nominated in the credit to honour complying presentations.

Regards

umsara
Posts: 7
Joined: Sat May 24, 2014 4:20 am
First Name: naser
Last Name: hameed
Organization: a bank
Filter: Two Plus Two =: 4
Location: yemen

best regards to all staff esp mr Navi turky

Post by umsara » Thu Jun 12, 2014 1:35 am

Navi wrote:Hi friend,

If there is a nominated bank in the LC, you have to contact nominated bank to avoid any double presentation. In case you do not, and beneficiary make presentation to nominated bank which complies to LC, you may have to honour that presentation also since nominated bank is the bank nominated in the credit to honour complying presentations.

Regards
THANK YOU FOR YOUR GOOD SOLUTION TO MY CASE
RGDS UM SARA

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