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Beneficiary's Country Vs Negotiating Bank's Counter

Posted: Tue Sep 27, 2016 1:51 pm
by dodo
Hi all,
Is there any differences between LC expired at the beneficiary's country and LC expired at the nego.bank's counter?
Thank you and best regards.

Place of expiry

Posted: Mon Oct 10, 2016 9:12 pm
by nraajesh
Hello friend,

Typically the nego bank resides in bene country and therefore, there is no difference.. however, if the country of nego bank is different from the country of bene, it makes a difference.

Cheers!!
Rajesh