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1. Unless the Nominated Bank is the Confirming Bank.
2. Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.
3. Confirming bank mea the bank that adds its confirmation to a credit bank's authorization or request.
4. A confirming bank may extend its confirmation to an amendment and will it advises the amendment.
5. Under what conditions a confirming bank may discharge its payment obligations?
6. We would be very pleased if you could consider acting as confirming bank.
7. D. i. Except as otherwise provided by Article 48, an irrevocable Credit can neither be amended nor canceled without the agreement of the Issuing Bank, the Confirming Bank, if any,[sentencedict .com] and the Beneficiary.
8. Under a confirmed credit, the beneficiary is given double assurance of payment since the confirming bank has added its own undertaking to that of the opening bank.
9. When a nominated bank acting on its nomination, a confirming bank, if any, or the issuing bank decides to refuse to honour or negotiate, it must give as ingle notice to that effect to the presenter.
10. Except as otherwise provided by Article 48, an Irrevocable Credit can neither be amended nor cancelled without the agreement of the Issuing Bank, the Confirming Bank, if any, and the beneficiary .
11. However, certified check is an exception. Its principal debtor is the confirming bank.
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