is protest required for acceptance letter of credit

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berry
Posts: 329
Joined: Fri Nov 07, 2008 11:36 pm

is protest required for acceptance letter of credit

Post by berry » Sat Sep 05, 2009 2:44 pm

dear all.

we know that if a bill of exchange remains unpaid, the drawer should call for a protest. under acceptance letter of credit, there is also a bill of exchange. if the credit remained unpaid even after the maturity, should the presenting bank go for a protest or noting?

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