what are the main responsibilities of a Nominated Bank?

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dulari
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what are the main responsibilities of a Nominated Bank?

Post by dulari » Sun Mar 07, 2010 1:36 pm

what are the main responsibilities of a Nominated Bank?
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berry
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responsibilites

Post by berry » Mon Mar 08, 2010 8:10 pm

in my opinion to examine the document and to honor or negotiate the document
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saikryshna
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no obligatons

Post by saikryshna » Thu Mar 11, 2010 3:18 pm

Xactly to say a nominated bank donot has any obligation until it is acting on its nomination.

If a NB actin up on its NOmination den it is obligated to examine the documents and if it is a complying presentaion it must honour/negotiate.
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