Don't Ignore An "Out Of The Blue" Documentary Collection Even If You Don't Handle Trade Finance
GDB Firm Blog
JULY 8, 2019
A bank gets an overnight courier package with a bill of lading for goods shipped from India along with a draft asking the bank to pay $900,000 to the company in Mumbai that drew the draft. You are the officer who opens the package. You had previously denied the purchaser's application for a letter of credit to finance the purchase of the goods.
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