New Discrepancies in a Re-presentation

SREEJA · Post by **SREEJA** » Tue Jan 20, 2015 10:28 pm

An issuing bank refuses documents citing some discrepancies. The beneficiary corrects the discrepancies and resubmits within validity. Can the issuing bank now point our fresh discrepancies that already existed in the first presentation but the issuing bank failed to point out?

mijanlt23004 · Post by **mijanlt23004** » Tue Jan 20, 2015 11:50 pm

The issuing bank does not raise the discrepancies from the first presentation that already failed But it can point out the discrepancies from represented docs.

hardy2175 · Post by **hardy2175** » Mon Jan 26, 2015 4:50 pm

Discrepancies arising out of the fresh documents presented can be pointed out , not discrepancies pertaining to the original documents presented.

GUBAZ · Post by **GUBAZ** » Wed Jan 28, 2015 1:13 pm

Issuing bank cant advise new discrepancies regarding existed in the first presentation

RANGANAA · Post by **RANGANAA** » Wed Jan 28, 2015 1:29 pm

An Issuing bank can refuse the documents only once. Upon receipt of revised documents from the beneficiary, disc can be raised based on the revised presentation not on the original presentation.

harlanadinata · Post by **harlanadinata** » Thu Jan 29, 2015 4:15 pm

Issuing bank can raise new Discrepancies from the re-presented documents, but not from the first documents