What Is The Role Of Beneficiary Bank If Received L/C Directly From Issuing Bank Without Clause 53a And 57a?

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NazeerAhmed
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What Is The Role Of Beneficiary Bank If Received L/C Directly From Issuing Bank Without Clause 53a And 57a?

Post by NazeerAhmed » Sun Dec 13, 2015 7:11 pm

What is the role of beneficiary bank if received l/c directly from issuing bank without clause 53a and 57a ?
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Ramesh123
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Post by Ramesh123 » Wed Dec 16, 2015 8:10 pm

can any one clarify for below..
when nominated bank acting on its nomination as per ucp 600 and it has found documents are complying and forwarded documents to issuing bank, issuing bank found that docs are discrepant. Is issuing still undertake to that Nominated bank..?
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