Reimbursement Authorization
Posted: Thu Apr 01, 2010 10:41 am
Dear All,
Can a issuing bank cancel the reimbursement authorization with or without the notice to nominated/advising bank any time to the reimbursing bank who has not yet issed the reimbursement undertaking and is ready to reimburse to a claiming bank.
please clarify as per URR 725.
Thanks
Can a issuing bank cancel the reimbursement authorization with or without the notice to nominated/advising bank any time to the reimbursing bank who has not yet issed the reimbursement undertaking and is ready to reimburse to a claiming bank.
please clarify as per URR 725.
Thanks