Checking Documents

The object of the issuing bank in examining the documents forwarded to it is to check that the documents presented by the beneficiary to the confirming bank are in order and compliant. This is clear from the structure of UCP 600 and the nature of the relationship between the issuing and the confirming bank. The reimbursement obligation under a credit is not subject to the receiving of documents by the issuing bank but only to a compliant presentation being made to the nominated bank: Societe Generale SA v Saad Trading & Anor [2011] EWHC 2424 (Comm) (05 October 2011)