Dear experts
Can issuing bank be nominated bank under field 41 A
Thank for your support
Regards
Availability
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firas
- Posts: 37
- Joined: Wed Jul 04, 2012 2:37 pm
- First Name: firas
- Last Name: albayati
- Organization: investment bank
- Filter: Two Plus Two =: 4
- Location: Iraq
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picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Re: Availability
Hi Pal,
It is possible, I think not for negotiation, moreover the expiry date could be in the Country of beneficiry, so the beneficiry can present documents within the expiry date to a bank in its Country, supporting the risk of loss of the documents in transit, in the past said "expiry date... in Beneficiary's Country for docs presentation only".
Other comments appreciated
Ciao
It is possible, I think not for negotiation, moreover the expiry date could be in the Country of beneficiry, so the beneficiry can present documents within the expiry date to a bank in its Country, supporting the risk of loss of the documents in transit, in the past said "expiry date... in Beneficiary's Country for docs presentation only".
Other comments appreciated
Ciao