Question:

Can discrepent documents corrected and presented again after negotiated documents is received by issuing bank?

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I am a negotiating banker. I received a discrepent document and sent the same to the issuing bank on collection as the documents are discrepent. Now my client has rectified the discrepencies and

is presenting another set of documents complete in all respects without any discrepencies within the last date for negotiation even though the earlier set of documents were already received by the issuing bank and is yet to point out any discrepency.

Can I negotiate this second set?

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  1. yes -- it would be consider the original documents!!!

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