right to refuse the discrepant doc. by bank
Posted: Thu Sep 16, 2010 9:53 pm
Dear all,
Has the applicant bank right to refuse the discrepant documents ! even though the applicant agrees to accept the documents?. incase of usance LC bill.
What is to be done by the banker, if the doc. are released on the basis of acceptance of discrepancies by the applicant and the applicant failed to pay/fund the bill amount o due date?
Has the applicant bank right to refuse the discrepant documents ! even though the applicant agrees to accept the documents?. incase of usance LC bill.
What is to be done by the banker, if the doc. are released on the basis of acceptance of discrepancies by the applicant and the applicant failed to pay/fund the bill amount o due date?