Best Trade Solution

Dear experts,

A beneficiary of a L/C presents documents to the confirming bank on 15FebXX
The confirming bank founs that the presentation does not comply on 17FebXX
The beneficiary represents the document on 18FebXX

My query: What is the lates date by which the confirming bank has to determine if the presentation is complying?
20FebXX or 23FebXX

Nb: the expiry date of the L/C is 28Feb

Regards
H Jallouli

Hi Pal,

IMHO, 23 feb., however second presentation must be within 21 days from date of shipment(if not different stated)
Ciao

Hi Picant,

Which article should we refer to?
If the beneficiary correct the discrepant document and re-presents it, should we consider such presentation as a second presentation, so the conforming bank has to determine if the presentation is complying within 5 banking days followin the day of the second presentation?

Regards
H Jallouli

in my opinion, within 5 days of first presentation, the represenation will not extend the 5 banking days as per UCP