certificate of compliance and URR 725
Posted: Sat Mar 21, 2009 11:36 am
dear sir,
i am confused with this URR clause
or
does this mean that reimbursing bank will require a certificate of compliance from the claiming bank before making a reimbursement?
i am confused with this URR clause
does this clause mean that issuing bank is looking for certificate of compliance from reimbursing bankAn issuing bank shall not require a certificate of compliance with the terms and conditions of the credit in the reimbursement authorization.
or
does this mean that reimbursing bank will require a certificate of compliance from the claiming bank before making a reimbursement?