题目内容
The Nominated Bank is the bank, which is authorized by the Issuing Bank “to pay, to incur a deferred payment undertaking".
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The confirmation of the L/C by another bank - the Confirming Bank - means that if the Issuing Bank refuses to make the payment, the Confirming Bank is responsible for this payment.
If the Advising Bank does not agree to confirm the L/C, ask the bank to recommend you another bank to be the Confirming Bank.
If you are dealing with a buyer from a country with an unstable political or economical situation, always ask for the confirmation of the L/C.
L/C indicates three dates, which must be met to be paid: the latest date for shipment, the expiry date for presentation of documents and the expiry date of the L/C.
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