My Documents Comply.. So Why Won’t the Bank Negotiate?

2018-05-24T15:36:25+00:00September 10th, 2015|

Over the years it seems that banks in the UK have to some extent lost their appetite to act on their nomination and truly "negotiate" documents presented under unconfirmed letters of credit. It used to be quite commonplace for a beneficiary of such an L/C to ask their bank to negotiate , and this request [...]