confirming bank

Confirming Bank may extend its confirmation to an amendment and shall be irrevocably bound as of the time of its advice of the amendment.

Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank's authorization or request.

Confirming bank means the bank that adds its confirmation to a credit upon the issuin g bank's authorization or request.

b. A confirming bank is irrevocably bound to honour or negotiate as of the time it adds its confirmation to the credit.

If the introduction of bank or confirming bank's credit capacity problem may exchange earnings exporters have no protection.

A confirming bank's undertaking to reimburse another nominated bank is independent of the confirming bank's undertaking to the beneficiary.

Such undertakings shall neither be amended nor cancelled without the agreement of the issuing bank, the confirming bank and the beneficiary.

A confirming bank may extend its confirmation to an amendment and will be irrevocably bound as of the time it advises the amendment.

Negotiate, without recourse, if the credit is available by negotiation with the confirming bank.

the introduction of bank or confirming bank's credit problems, the risk of causing exchange earnings of exporters.

a. sight payment, deferred payment or acceptance with the confirming bank; a.

An advising bank that is not a confirming bank advises the credit and any amendment without any undertaking to honour or negotiate.

if the credit is available by negotiation with the confirming bank. ii.

Unless a nominated bank is the confirming bank.

issuing bank, opening bank advising bank, notifying bank negotiation bank confirming bank paying bank

A Case Study on Liabilities regarding loss of Documents by the Confirming Bank