Dear all,
Please answer your valuable opinion on above mentioned subject as per rules and regulations.
Your opinion in this regard will be highly appreciated.
With Best Regards,
Sohel
Can issuing bank negotiate a document?
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Sohel Rana
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- First Name: Sohel
- Last Name: Khan
- Organization: Bank Asia Limited
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jmitra
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- First Name: jasmit
- Last Name: mitra
- Organization: bank
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- Location: India
no
to negotiate, a draft must be drawn on some other party. if the LC available by negotiation, then draft is on issuing bank which must honor. please note in UCP600, there is no option to call a draft drawn on the applicant