ICC Official Opinion TA655rev

[Md.zakir Hossen]

I will appreciate if someone share his opinion on ICC Official Opinion TA655rev

[nesarul]

Dear zakir bhai,
we are always awaited for weekend bcs we share our views with u at that time. TA 655(rev)
Fact:
Document received from advising bank to nominated bank.
nominated bank mentioned maturity date as follows:
"please be informed that the document are accepted by us for maturity date june 05,2008. AT MATURITY DATE WE WILL REVERT TO THE MATTEROF PAYMENT OF THE PROCEEDS"
QUERY"
WHETHER NOMINATED BANK IS DEEMED TO HAVE INCURRED ITS DPU BY MENTIONING ABOVE?
CONCLUSION:
NO, THE WORDING DOESN'T REFLECT THAT THE NOMINATED BANK HAS INCURRED ITS DPU.
REGARDS
NESAR

[cparial]

Please refer to UCP at 1 (a)

" Unless a nominated bank............ except when expressly agreed to by that nominated bank and so communicated to the beneficiary""


In the instant case NOMINATED BANK HAS INCURRED A DPU.


Thanks

Chiranjib

[shahriar]

can someone please tell me where can i get the opinion?

shahriar

[Md.zakir Hossen]

Dear Nesar
I also eagerly wait for Thursday night.But Now I will available every night after 10 PM.