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Case: Bank A issued L/C dated 1.10.2009, in favour of a beneficiary in UK. The last date of shipment as per L/C is 15.10.2009 and

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Case: Bank A issued L/C dated 1.10.2009, in favour of a beneficiary in UK. The last date of shipment as per L/C is 15.10.2009 and last date of negotiation 31.10.2009 The beneficiary presents documents to Bank B, for negotiation on 05.10.2009, with documents evidencing shipment of goods on 30.09.2009, Bank B sent the documents to the opening bank, asking to reimburse as per L/C terms. The opening bank, on receipt of documents notices that, the shipment was made on 30.09.2009 and the invoice was dated 2.09.2009, while the inspection certificate, analysis certificate and packing list were dated 25.09.2009. The issuing bank on receipt of documents rejected the documents, notifying discrepancy that documents were dated prior to date of credit. Bank B insisted that the documents are in compliance referring to a UCP article. Note: to answer check Articles 14 and its sub-articles 1- Who was correct? 2- Which article Bank B refers to

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