URR 725

[jmitra]

dear all,

i think my URR 725 is not the accurate one. because at the preface URR 725 says

In sub-article 11 (e) the reference to reserve or indemnity has been
removed. Whether or not a claiming bank has paid under indemnity or
reserve does not concern a reimbursing bank. The reimbursing bank is
not involved in the examination of documents, the determination of
compliance nor the manner of honour or negotiation of that
presentation.

while article 11 still shows

e. A reimbursing bank assumes no liability or responsibility if it
honours a reimbursement claim indicating that a payment,
acceptance or negotiation was made under reserve or against an
indemnity, and shall disregard such indication.