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special condition listed on Transfer LC

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Tue, 07/13/2010 - 22:06
Nathan
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Joined: 02/02/2009
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Dear Experts,

 I received one Transfer LC with special condition as "payment will be made subject to final payment of the LC applicant". I think this is not fair, is it true that this is a standard clause or I can ask to waive this clause.

Nathan

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Mon, 08/16/2010 - 02:25
#1
colomentin
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Joined: 08/16/2010
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Concerning docs to be

Concerning docs to be presented in a Transferable LC, these must be
presented by the second beneficiary (the actor to whom the credit has
been transferred). As per art. 38-h of UCP600, the only documents that
can be changed are the Invoice and the eventual Draft.

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Wed, 07/14/2010 - 03:25
#2
pan
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Joined: 09/13/2007
Posts:
It is OK

Hi Friend,

if the documentary credit  is not confirmed, the bank is right.

In any case the second beneficiry's bank , in case of l/c available by negotiation, could negotiate complied documents. Negotiation means that this bank will credit the beneficiry with its own funds.

Other comments appreciated

Ciao

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Tue, 08/03/2010 - 23:28
#3
laxman12 (not verified)
international finace

manager should help the submangers.in the international

finace.

thanks.

regards.

www.guidebuddha.com

 

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Tue, 08/03/2010 - 23:31
#4
laxman12 (not verified)
international finace

bank privide the finace

to the costumer.

regards.

www.guidebuddha.com

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