Acceptance under LC

[dinesh chouhan]

Case Study:

LC issuing Bank: A

Applicant: B

Beneficiary: C

Advising/Negotiating Bank: D

 

Case 1: A receive credit complied docuements and send acceptance to D to pay on maturity.

Case 2: A receive discrepant documents under its LC from D, it convey discrepancies to the D. But subsequently B waive discrepancies and A accordingly convey acceptance to D to pay on maturity.

 

Please guide what is the difference in liability of case 1 and 2