Dear Friends
May I know if there is any explanation by ICC of how to respond to an invalid descrepancy or refusal of documents by the issuing bank? How should the beneficiary respond to that..? I mean obviosuly he would ask him bank but are there any conditions/guidelines to repond to the refusal of documents by the issuing bank?
kind regards
Asim
Respond To Invalid Discrepancy/Rejection Or Refusal Of Docs
-
ramisy2k
- Posts: 31
- Joined: Sun Nov 09, 2008 8:58 pm
-
shahriar
- Posts: 923
- Joined: Fri May 16, 2008 1:03 am
- First Name: Shahriar
- Last Name: Masum
- Organization: Mutual Trust Bank
- Filter: Two Plus Two =: 4
- Location: Bangladesh
Re: Respond to Invalid descrepancy/rejection or refusal of docs
Dear Asim,
to the best of my knowledge, there is no such guideline. in fact its hard to guide since the answer will depend on the type of discrepancy raised. in general, the nominated bank is suppose to refute any invalid discrepancies in the light of appropriate rule.
regd
shahriar
to the best of my knowledge, there is no such guideline. in fact its hard to guide since the answer will depend on the type of discrepancy raised. in general, the nominated bank is suppose to refute any invalid discrepancies in the light of appropriate rule.
regd
shahriar
-
Navi
- Posts: 362
- Joined: Mon Jun 23, 2008 4:17 pm
- First Name: Olcay
- Last Name: Özcan
- Organization: Bank
- Filter: Two Plus Two =: 4
- Location: Turkey
Re: Respond to Invalid descrepancy/rejection or refusal of docs
Dear Friend,
You may reject the refusal of issuing bank stating your reasons of rejection in light of UCP, ISBP and terms and conditions of the LC by using any expeditious means of communication.
No guideline or manner, as far as I know, described by ICC.
Regards
You may reject the refusal of issuing bank stating your reasons of rejection in light of UCP, ISBP and terms and conditions of the LC by using any expeditious means of communication.
No guideline or manner, as far as I know, described by ICC.
Regards