May the presentation be splitted by nominated bank
Posted: Wed Oct 14, 2009 3:10 pm
Hi,
dear colleagues need yr kind assistance.
The situation:
the bene has made one presentation under one documentary remittance consisting of following docs (partial shipments - allowed, the l/c requires + 1 original of invoice, + CMR - copy for sender):
+ 5 originals of the invoices,
+ 5 copies for sender of CMRs.
Each CMR is issued to 1 invoice, i.e. we have 5 pairs of docs (1 invoice + 1 CMR). 4 of 5 pairs are found complying with l/c terms, and 1 pair is discrepant. May the nominated bank (being confirming bank) honor the amount of complying docs (4 of 5 pairs) and refuse the 1 pair*.
* Mofication after Cristland post, first version was: "and advise the discrepancies found in 1 pair to the issuing bank (and to the applicant accordingly) without the beneficiary's consent to split the presentation."
Thanks in advance for yr attention.
dear colleagues need yr kind assistance.
The situation:
the bene has made one presentation under one documentary remittance consisting of following docs (partial shipments - allowed, the l/c requires + 1 original of invoice, + CMR - copy for sender):
+ 5 originals of the invoices,
+ 5 copies for sender of CMRs.
Each CMR is issued to 1 invoice, i.e. we have 5 pairs of docs (1 invoice + 1 CMR). 4 of 5 pairs are found complying with l/c terms, and 1 pair is discrepant. May the nominated bank (being confirming bank) honor the amount of complying docs (4 of 5 pairs) and refuse the 1 pair*.
* Mofication after Cristland post, first version was: "and advise the discrepancies found in 1 pair to the issuing bank (and to the applicant accordingly) without the beneficiary's consent to split the presentation."
Thanks in advance for yr attention.