After an issuing bank issued a shipping guarantee under a LC,it received a discreprant presention under the same LC.
Can the issuing bank raise the discreprancy?
Can the issuing bank raise the discreprancy?
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- Posts: 118
- Joined: Thu Mar 12, 2009 8:59 am
Technical v Practical
Technically, the issuing bank could raise a discrepancy.
But practically, it cannot.
But practically, it cannot.
- berry
- Posts: 329
- Joined: Fri Nov 07, 2008 11:36 pm
i agree
i agree with the answer. as per CDCS guide, during the issuance of shipping guarantee, the issuing bank should take a letter from applicant accepting all discrepancy. when the applicant has accepted the discrepancy and the goods have been released, there is no reason to raise discrepancy