UCP Article 10 (f) - Amendments
Posted: Sun Apr 05, 2009 6:33 pm
A LC has a clause stating that any amendments will be in force unless rejected within 3 days from the date of advise. An amendment was issued on 01-01-2008 and the beneficiary fails to notify the issuing bank. Which of the following is correct?
a. The amendment is in force
b. Will be in force only if the beneficiary accept it
c. The clause should be disregarded
d. None
May I know why the answer is "The amendment is in force?. As per article 10 (f) it should be disregarded. Hope to hear from you.
a. The amendment is in force
b. Will be in force only if the beneficiary accept it
c. The clause should be disregarded
d. None
May I know why the answer is "The amendment is in force?. As per article 10 (f) it should be disregarded. Hope to hear from you.