hi,
Advising bank seek his advising charge form Applicant because he didn't collect his charge form beneficiary.In the mean time lc expired subsequently applicant close his business with the issuing bank.
In this situation how could issuing bank apply clause 37c of UCP 600?
Lc Advising charge
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issuing bank has to pay
please refer to UCP article 37c
A bank instructing another bank to perform services is liable for any commissions, fees, cost of expenses ("charges") incurred by that bank In connection with its instructions.
it does not matter whether the credit expires or the applicant closes its business
A bank instructing another bank to perform services is liable for any commissions, fees, cost of expenses ("charges") incurred by that bank In connection with its instructions.
it does not matter whether the credit expires or the applicant closes its business
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Pay them from your own pocket :D:D
You have to pay them on your Bank cost this is LC world.