Dear experts your advice on the below:
L/C with 2 confirming banks.
1st confirming B. is the nominated/ available with.
2nd confirming B. is only confirming / advising bank.
Beneficiary requests for prepayment by the 2nd confirming B. provided that it will present to the 2nd confirming B. complying docs.
Do you consider that is provisioned/ acceptable under UCP 600 as arts 2 Negotiation, 7.c. and 12.b, stipulate that only the nominated bank may prepay - and also under 12.b. the issuing bank authorizes only the nominated bank to prepay.
Meaning that UCP refers that only the nominated may prepay / not a confirming that is not also nominated.
your views on that would be really appreciated.
best regards
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