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?
is protest required for acceptance letter of credit
- berry
- Posts: 329
- Joined: Fri Nov 07, 2008 11:36 pm