Place of expiry, Availability and presenting bank
Posted: Wed May 16, 2018 1:37 pm
Hi,
Need an opinion on the following.
We have a client who insist on opening a LC to china where the advising bank should be a bank in china. However he needs the availability to be open for 'Any Bank by negotiation' where he is informing us that the documents will be presented through a bank in Thailand. Can we allow the same as they are contradictory to each other
Need an opinion on the following.
We have a client who insist on opening a LC to china where the advising bank should be a bank in china. However he needs the availability to be open for 'Any Bank by negotiation' where he is informing us that the documents will be presented through a bank in Thailand. Can we allow the same as they are contradictory to each other