what are the main responsibilities of a Nominated Bank?
dulari
what are the main responsibilities of a Nominated Bank?
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- berry
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responsibilites
in my opinion to examine the document and to honor or negotiate the document
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no obligatons
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.
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.