Hi Everybody,
Confirming Bank who is also the Negotiating Bank sent rectified dox on receipt of discrepancy advice from Issuing Bank.
If the rectified dox presented at the counter of Issuing Bank within stipulated time in the LC, is the dox to be treated as complyant?
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bdesh
Rectified Dox after presentation
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Yes
Dear friend,
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As far as I understood, beneficiary, within presentation period corrected discrepancies (advised by issuing bank) and represented docs to confirming bank. In my opinion nothing wrong, presentation is complying...
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Well, I just noticed Today's Quote
The beneficiary and the remitting bank always have the possibility of putting the documents in order provided this is done before expiry of the credit, and that the documents are then presented within the time allowed - Icc Opinion R241
.
Regards
.
As far as I understood, beneficiary, within presentation period corrected discrepancies (advised by issuing bank) and represented docs to confirming bank. In my opinion nothing wrong, presentation is complying...
.
Well, I just noticed Today's Quote
The beneficiary and the remitting bank always have the possibility of putting the documents in order provided this is done before expiry of the credit, and that the documents are then presented within the time allowed - Icc Opinion R241
.
Regards
- shahriar
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i agree
i fully agree with navi. a beneficiary can present the corrected document anytime before the expiry of the credit. in addition if the credit is availably with the confirming bank, its ok if the beneficiary present the document to the confirming bank within the expiry even if the issuing bank receives the documents after the expiry of the credit. the beneficiary can also present the corrected document directly to the issuing bank even when the document was initially presented to the confirming bank.