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First European multi-bank BPO

06/06/2014 BP Petrochemicals has completed the first European centric Bank Payment Obligation subject to the URBPO rules. A short press release can be found in the following link: http://www.gtreview.com/trade-finance/global-trade-review-news/2014/May/BP-agrees-first-European-multi-bank-BPO_11677.shtml

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Letter of credit showing the period for presentation as documents to be presented within 30 days after shipment date but within the validity of the credit. If documents are presented earlier than 30 days of shipment date will it be an early presentation?

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First European multi-bank BPO

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