Dear all,
Now I hardly see that nominated Bank clearly specify that they negotiate the documents presented under LC on their Covering Schedule.
What is the reason? What's about you Covering Schedule Form? Can you show me?
Rgds,
akomolpa
Covering Schedule Form
- shahriar
- Posts: 923
- Joined: Fri May 16, 2008 1:03 am
- First Name: Shahriar
- Last Name: Masum
- Organization: Mutual Trust Bank
- Filter: Two Plus Two =: 4
- Location: Bangladesh
is it always necessary
is it always necessary to know whether the nominated bank has negotiated or not? in most cases not unless the maturity date is to be calculated from the date of negotiation.