Are drafts part of documents required under LC ?

Dear Nguyen Huu Duc

As you may have seen from the website Ravi Mehta has passed away.
Presently we are trying to figure out whether or not there is a future
for LC VIEWS and what the model should look like.
Consequently I am sorry to inform you, that I can not under the LC VIEWS
umbrella answer your question.
If you would like I will offer my personal opinion on this - which will
not (right now anyway) be published on www.lcviews.com.

I am sorry about this - but Ravi was LC VIEWS.

Best regards
Kim Christensen
Associate Editor, LC VIEWS


-----Original Message-----
From: [mailto:nhduc.dng@vietcombank.com.vn]
Sent: Tuesday, January 30, 2007 5:03 AM
To: singlewindow@lcviews.com
Subject: Single Window Question

Below is the result of your feedback form. It was submitted by
(nhduc.dng@vietcombank.com.vn) on Tuesday, January 30, 2007 at 05:03:08
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Name: Nguyen Huu Duc

q: Dear LC Views,

According to the opinions of ICC Banking Commission and of LC experts
like T.O Lee (T.O Lee Consultants Ltd), Heinz Hertl (Bank of Austria
AG), Laurence A.J. Bacon (Ireland) ... drafts are not part of the
documents required under the credit by the applicant, and accordingly
discrepancies if any on the drafts shall not constitute the good reason
for rejection of the documents. This view is also received the support
from judges like David Steel of the English Commercial Court in
connection with the CMB vs CIC case.
I am on the side of the ICC Banking Commission and the experts. However,
I wonder why in some other court cases, discrepancies on the drafts are
still argued if they are really discrepancies and it seems that some
other people still believe the issuing bank/applicant may reject the
documents if the drafts contain discrepancies).
I will be very grateful if the LC Views' specialists give their opinions
on the matter.

Best regards,

Nguyen Huu Duc
(Vietcombank)