Disposition of discrepant documents by the nominated bank in the following six methods: (1) ()Retu
Disposition of discrepant documents by the nominated bank in the following six methods:
(1) ( )Return just the discrepant documents for correction and resubmission within the
validity of the Credit and within the latest date for presentation of above document.
(2) ( )Upon authorization by the presenter, forward the discrepant documents on "an approval" basis under documentary credit to the Issuing Bank for review and approval or rejection of the documents.
(3) ( )If so authorised by the presenter, cable, telex, or telecommunicate with the issuing bank for authority to pay, accept, or negotiate against such discrepant documents.
(4) ( )Remittance of Documents for Collection.
(5) ( )Call for an indemnity from the beneficiary or from his bank, pay, accept or negotiate on the undertaking that any payment, acceptance or negotiation made, will be refunded by the party giving such indemnity together with interest and related charges, if the issuing bank refuses to provide reimbursement.
(6) ( )With the agreement of the beneficiary, pay, accept or negotiate "under reserve", i. e. the bank retains the right of recourse against the beneficiary if the issuing bank refuses to provide reimbursement against documents that do not meet the credit requirements.