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?
Confirmation From Nominated Bank On Previous Presentation
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You have to contact...
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
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
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- 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
THANK YOU FOR YOUR GOOD SOLUTION TO MY CASENavi 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
RGDS UM SARA