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LC Negotiation and Sight Payment

Posted: Sat May 20, 2017 10:49 am
by dhiraj1986
Dear All,
An LC is Available With : XYZ Bank and By : Negotiation
whether in Payment Part it states that 120 Days At Sight . This LC is not meant to be used as UPAS .
Can you please explain the issue ? How to deal with it from Nominated Banks point of view ?

Thanks in Advance....

Ehm......

Posted: Tue May 30, 2017 10:41 am
by picant
Hi Pal,

IMHO, it means at 120 days sight : However ask the issuing bank for clarification:
Let me know
Ciao