with or withour recouse?

Navi · Post by **Navi** » Thu Dec 17, 2009 3:51 am

Dear friends,
.
From frequently asked questions,
Does nominated bank have the right to recourse from beneficiary under a sight payment/deferred payment/acceptance credit if it has paid, accepted a draft or incuured a deferred payment undertaking?
Consider question if the nominated bank did not confirm the credit but has honoured the presentation. İt is with or without recourse? .
.
regards

rania · Post by **rania** » Thu Dec 17, 2009 10:01 pm

Hi Navi,
since the nominated bank is not a confirming one, so any honour or negotiation will be with recourse.

b.rgds.

sagar1984 · Post by **sagar1984** » Mon Dec 21, 2009 2:49 pm

In my opnion, since negotiating bank is not confirming bank there is no definate undertaking from negotiaing bank towards beneficiary. Hence, negotiation by negotiating bank will be with recourse to beneficiary.

with or withour recouse?

with or withour recouse?

with recourse

with / wihout recourse?