When the issuing bank and the beneficiary bank of your L/C do not have a direct connection beneficiary’s or issuer’s bank assigns a designated intermediary bank to approve and transmit a secure communication.
The advising bank ensures that the LC is authentic through test key arrangements (BKE agreement) with correspondent banks.
Your bank will appreciate receiving proper documentation and will be more collaborative when supported with correct documentation. Because although they charge additionally for discrepancies, nonetheless they do not want to have disputes with their correspondents. Our expert and experienced team is happy to help you avoid any problems and to ensure the continuity of ongoing business processes.