Assignment Of Proceed Against LC Covering Shipment Of Truck

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Sophea
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Assignment Of Proceed Against LC Covering Shipment Of Truck

Post by Sophea » Fri May 23, 2014 12:23 pm

The LC beneficiary request the bank assign the LC proceed to third party (shipping company or party
who do not supply the goods as the credit) while description of goods stated in the L/C is truck.

Question: whether the bank can process as the beneficiary request or not?

Your comment is highly appreciate!!!!

Navi
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assignment to any party possible

Post by Navi » Wed May 28, 2014 11:56 am

Hi,
I see nothing wrong in assigning proceeds to any party i.e. assignee may be supplier, or bank or any other party.
Other comments appreciated

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