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Bill of exchange

Posted: Sun Aug 21, 2022 8:03 pm
by alice
Dear All
Bill of Exchange is drawn on branch of bank. Drawee in MT700 is head office. Is it discrepancy?

Re: Bill of exchange

Posted: Sat Apr 15, 2023 7:59 pm
by picant
Hi Pal,

Speaking of dpcumentary credit art 3 UCP 600 states "Branches of a bank in different countries are considered to be separate banks" so banks branches in one country are to be consider as a unique bank.