Letter of Credit not valid without advice notification
Posted: Wed May 05, 2010 10:13 pm
Dear friends,
i receive credit from a particular advising bank which always add the following sentence below the LC text on each page that it has received from the issuing bank
"This Letter of credit is not valid unless the notification letter no. #### is attached with it"
i would like to hear your opinion on such clause. what are the possible reason to add such clause? do you consider this clause valid under UCP 600?
Thanks!!
i receive credit from a particular advising bank which always add the following sentence below the LC text on each page that it has received from the issuing bank
"This Letter of credit is not valid unless the notification letter no. #### is attached with it"
i would like to hear your opinion on such clause. what are the possible reason to add such clause? do you consider this clause valid under UCP 600?
Thanks!!