Documents Presented After Lc Expiry Date
Posted: Thu Jan 14, 2010 11:49 am
Can anyone clarify treatment for documents presented after LC expiry date under following two situations....
1. Negotiating Bank covering schedule states documents to be treated as per UCP600.
2. Negotiating Bank covering schedule states documents to be treated as per URC522.
Should these documents be handled in accordance with UCP600 or URC522.?
1. Negotiating Bank covering schedule states documents to be treated as per UCP600.
2. Negotiating Bank covering schedule states documents to be treated as per URC522.
Should these documents be handled in accordance with UCP600 or URC522.?