Best Trade Solution

Hi

Under Article 9 in URC522 it states bank will act in good faith and exercise reasonable care. What it exactly means and the words good faith and reasonable care mentions about what? Please advise.

Hi Arun,

Bank should take reasonable care with respect risk involve and sanction checks. As Bank deals only with documents and not goods and services proper care should be taken by Bank with respect to Internal guideline and Local Rules.

More suggestion appreciated.