Presentation number of days is 1

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TradeLaporte
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Presentation number of days is 1

Post by TradeLaporte » Sun Dec 13, 2020 9:20 am

Dear member

Documents presented several months after they issued for services number of presentation per Lc is “1” issuing bank refuses for late presentation
Lc is for services

Your comments are appreciated

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: Presentation number of days is 1

Post by picant » Sun Dec 13, 2020 2:46 pm

Hi Pal,

if we speak about the field in Swift MT700, n, 48, where it should be used only when transport
documents are required, in the last swift instruction it may be used for other scope that will be
indicated in the Narrative. If no narrative, IMHO, the field should be ingnored!
Other comments appreciated
Ciao

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