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Bank A from Germany Issued a Confirmed Sight LC ,advised through Benificiery's Bank - B in India
Benificiery Exported as per Lc terms presented the documents to Bank-B , Bank B inturn forwarded the documents to
Issuing Bank -A, Issuing Bank -A , sent a Refusal notice on 4th Banking Day followed by date of presentation to Bank B high lighting Discrepancies to Bank -B , Now Benificery resubmitted corrected Documents and Same was presented to issuing Bank - A , issuing Bank _A again sent a Refusal notice on 6th Banking Day after Banking Hours followed by date of presentation to Bank B stating late presentation ( here period of presentation is 15 days and Lc was valid for another 1 month.) Now Bank - B sent a swift Message highlighting Article 16 F of UCP 600 and claimed payment.
Issuing Bank - A has not replied for the Swift message Till Now it is 5th Banking day from the date of swift which was sent by Bank -B. Pls advice what should we do as benificery

Best regards
Santhosh

Hi Pal,

which bank confirmed the l/c, where it was available ? If presentation has to be made to the advising bank or not?
6 days are not correct, but if there is a nominated bank, this has 5 days and issuing bank 5 days too.
Let me know.
Ciao

Issuing Bank has confirmed the LC , Available with Issuing Bank by payment, Presentation was made to Issuing Bank.
A

it is out of reason for issuing bank to confirm LC. I guess issuing bank issued LC, another bank confirmed and advised through Bank B in India.