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Back to Basics – Documentary Credit Advising & Confirmation
Although there is no obligation for an issuing bank to advise a documentary credit through the intermediary of an advising bank, such action facilitates the beneficiary being informed that the documentary credit is apparently authentic, and for documents to be presented to a bank that is local to the beneficiary...
Back to Basics – Documentary Credit Amendment
An amendment will generally arise following a request made by the beneficiary to the applicant...