What happens if the bank misses the five-day deadline?
The bank is precluded from claiming that the documents do not comply and must honour the presentation. This is one of the few places where UCP 600 imposes a hard consequence on a bank.
0
The bank is precluded from claiming that the documents do not comply and must honour the presentation. This is one of the few places where UCP 600 imposes a hard consequence on a bank.
Comments 0