dear friend,
here is the case. a letter of credit calls for a document in two lots. the requested documents are 2 draft, 3 bill of lading and 6 invoices. the nominated bank presented the document under a cover letter which is apparently a photocopy of the original cover letter and is marked as "duplicate" by hand writing. the cover letter shows -
draft - 2
bill of lading 5
invoice 6
the documents enclosed are one draft, 2 copy of bill of lading and 4 original invoice.
question 1
does the duplicate mark indicate 2nd mail?
question 2
whats should be the action of the issuing bank? should it refuse the documents because of short presentation
any other comment on the issue appreciated.
duplicate or 2nd mail
- shahriar
- Posts: 923
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- First Name: Shahriar
- Last Name: Masum
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- picant
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- Joined: Wed Aug 20, 2008 1:49 pm
Place of presentation
Hi Pal
First of all, where documents have to be presented? Who bears risks of lost in transit as per art. 35 UCP 600?
In case of doubts contact presenting bank for clarification: bill of lading full set, etc.
Other comments appreciated
Ciao
First of all, where documents have to be presented? Who bears risks of lost in transit as per art. 35 UCP 600?
In case of doubts contact presenting bank for clarification: bill of lading full set, etc.
Other comments appreciated
Ciao