If a bank discovers a discrepancy in the documents under a letter of credit, the bank may request a waiver in order to pay on the documents.

Question

Quizplus · Accepted Answer

If a bank finds a discrepancy in the documents, they may request a waiver from the beneficiary in order to pay on the documents. The waiver is a written agreement between the bank and the beneficiary that allows the bank to pay on the documents despite the discrepancy.

If a Bank Discovers a Discrepancy in the Documents Under