is it a representation
Posted: Fri Apr 02, 2010 6:55 pm
dear sir,
under a letter of credit, we returned a discrepant presentation to the nominated bank. the nominated bank however did not agree with us and resend the document to us claiming payment. they send a letter to this effect with the documents. should we consider this as a new presentation? should we examine the document again?
under a letter of credit, we returned a discrepant presentation to the nominated bank. the nominated bank however did not agree with us and resend the document to us claiming payment. they send a letter to this effect with the documents. should we consider this as a new presentation? should we examine the document again?