Copies of Document Sent To Both Issuing Bank And Confirming Bank
Posted: Thu Sep 14, 2017 1:27 pm
Dear Colleagues,
Please, kindly help us with the following situation.
We are an issuing bank of a confirmed LC issued for a beneficiary in India. The beneficiary has presented originals to the confirming bank, and also a set of copies of all documents (including the copy of cover letter sent by the bnf bank to the confirming bank) were sent to the issuing bank. On the copy of cover letter it is also stated (written by hand) that the originals are sent to the confirming bank. The confirming bank has found some discrepancies and informed accordingly the presenting bank waiting for their further instruction.
So the question is as follows:
1.Is the set received by the issuing bank a real presentation? And should the issuing bank check them and inform about discrepancies within 5 days?
Many thanks in advance and best regards,
MarMur
Please, kindly help us with the following situation.
We are an issuing bank of a confirmed LC issued for a beneficiary in India. The beneficiary has presented originals to the confirming bank, and also a set of copies of all documents (including the copy of cover letter sent by the bnf bank to the confirming bank) were sent to the issuing bank. On the copy of cover letter it is also stated (written by hand) that the originals are sent to the confirming bank. The confirming bank has found some discrepancies and informed accordingly the presenting bank waiting for their further instruction.
So the question is as follows:
1.Is the set received by the issuing bank a real presentation? And should the issuing bank check them and inform about discrepancies within 5 days?
Many thanks in advance and best regards,
MarMur