正在加载图片...
Bank at any moment and without prior notice to the beneficiary b. However, the Issuing Bank must i reimburse another bank with which a revocable Cred it has been made available for sight payment, acceptance or negotiation- for any payment, acceptance or negotiation made by such bank-prior to receipt by it of notice of amendment or cancellation, against documents which appear on their face to be in compliance with the terms and cond itions of the Cred it 1i) reimburse another bank with which a revocable Credit has been made available for deferred payment, if such a bank has, prior to receipt by it of notice of amendment or cancellation, taken documents which appear on their face to be in compliance with the terms and conditions of the cred it Article 9. Liability of Issuing and Confirming Banks a. an irrevocable cred it constitutes a definite undertaking of the Issuing Bank, provided that the stipulated documents are presented to the Nominated Bank or to the Issuing Bank and that the terms and conditions of the Cred it are complied with i)if the Cred it provides for sight payment-to pay at sight; ii)if the Cred it provides for deferred payment-to pay on the maturity date(s)determinable in accordance with the stipulations of the Credi 1 if the Cred it provides fo (a)by the Issuing Bank-to accept Draft(s) drawn by the Beneficiary on the Issuing Bank and pay them at maturity,or (b) by another drawee bank-to accept at maturity Draft(s) drawn by the Benefici Bank in the the drawee bank stipulated in the Cred it does not accept Draft(s) drawn on it, or to pay Draft(s)accepted but not paid by such drawee bank at mati iv) if the Credit provides for negotiation-to pay without recourse to drawers and/or bona fide holders, Draft(s)drawn by the Beneficiary and/or document(s) presented under the Credit. A Cred it should not be issued available by Draft(s)on the Applicant. Ifthe Cred it nevertheless calls for Draft(s)on the Applicant, banks will consider such Draft(s)as an additional document(s) b. A confirmation of an irrevocable Cred it by another bank(the Confirming Bank" )upon the authorization or request of the Issuing Bank, constitutes a definite undertaking of the Confirming Bank, in addition to that of the Issuing Bank, provided that the stipulated documents are presented to the Confirming Bank or to any other Nominated Bank and that the terms and cond itions of the cred it are complied withBank at any moment and without prior notice to the Beneficiary. b. However, the Issuing Bank must: i) reimburse another bank with which a revocable Credit has been made available for sight payment, acceptance or negotiation-for any payment, acceptance or negotiation made by such bank-prior to receipt by it of notice of amendment or cancellation, against documents which appear on their face to be in compliance with the terms and conditions of the Credit, ii) reimburse another bank with which a revocable Credit has been made available for deferred payment, if such a bank has, prior to receipt by it of notice of amendment or cancellation, taken up documents which appear on their face to be in compliance with the terms and conditions of the Credit. Article 9. Liability of Issuing and Confirming Banks a. An irrevocable Credit constitutes a definite undertaking of the Issuing Bank, provided that the stipulated documents are presented to the Nominated Bank or to the Issuing Bank and that the terms and conditions of the Credit are complied with: i) if the Credit provides for sight payment-to pay at sight; ii) if the Credit provides for deferred payment-to pay on the maturity date(s) determinable in accordance with the stipulations of the Credit; iii) if the Credit provides for acceptance; (a) by the Issuing Bank-to accept Draft(s) drawn by the Beneficiary on the Issuing Bank and pay them at maturity, or (b) by another drawee bank-to accept and pay at maturity Draft(s) drawn by the Beneficiary on the Issuing Bank in the event the drawee bank stipulated in the Credit does not accept Draft(s) drawn on it, or to pay Draft(s) accepted but not paid by such drawee bank at maturity; iv) if the Credit provides for negotiation-to pay without recourse to drawers and/or bona fide holders, Draft(s) drawn by the Beneficiary and/or document(s) presented under the Credit. A Credit should not be issued available by Draft(s) on the Applicant. If the Credit nevertheless calls for Draft(s) on the Applicant, banks will consider such Draft(s) as an additional document(s). b. A confirmation of an irrevocable Credit by another bank (the "Confirming Bank") upon the authorization or request of the Issuing Bank, constitutes a definite undertaking of the Confirming Bank, in addition to that of the Issuing Bank, provided that the stipulated documents are presented to the Confirming Bank or to any other Nominated Bank and that the terms and conditions of the Credit are complied with:
<<向上翻页向下翻页>>
©2008-现在 cucdc.com 高等教育资讯网 版权所有