10) Should we, the issuing bank receive 1/3 original B/L from the applicant for endorsement
prior our receipt of the full set of documents to be presented under this L/C. We are allowed to endorse this 1/3 original b/l and release it to the applicant.
Should we agree, we undertake to accept and honour all documents presented under this l/c.
Despite of all kind of discrepancies all documents are presented in the required numbers of original and copies and as long as they are issued and presented within the period of time (shipment/presentation/expiry) mentioned in the letter of credit. We undertake to inform the advising bank upon endorsing the 1/3 original b/l accordingly.