Credit Available With Nominated Bank Other Than Issuing Bank
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- First Name: muralidhara
- Last Name: boopathy
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Credit Available With Nominated Bank Other Than Issuing Bank
Pls clarify if credit available with nominated bank which is other than issuing bank, can beneficiary bank negotiate the documents under lc?
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- First Name: Mohammad
- Last Name: Zakir
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Negotiation
If nomination is not with any specific bank , LC available by negotiation and drafts drawn on any bank other than beneficiary,s bank , then beneficiary,s bank can negotiate.
Regards
Zakir
Bangladesh
Regards
Zakir
Bangladesh
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Yes
I will assume you meant negotiating as purchasing of draft or documents.
If LC is available with a Nominated Bank By Negotiation, then it can negotiate(i.e. purchase) draft or documents from the Beneficiary.
If LC is available with a Nominated Bank By Negotiation, then it can negotiate(i.e. purchase) draft or documents from the Beneficiary.