Why Pre Debit Notification Must Be Stated In The Credit And Not In Reimbursement Authorization

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Albert
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Why Pre Debit Notification Must Be Stated In The Credit And Not In Reimbursement Authorization

Post by Albert » Mon Mar 13, 2017 7:27 am

Dear all ,

I need to know why pre debit notification must be stated in the credit and not in reimbursement authorization as it is matter between issuing Bank and reimbursing bank

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shafi865
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URR 725 Pre-debit Notification

Post by shafi865 » Wed Mar 15, 2017 11:42 pm

Dear Albert,
Please be informed that there are two issues,
1) Pre-notification of a reimbursement claim
and 2) Pre-debit Notification

These twos are different and also issued by different party. First one is from claiming bank and second one is from reimbursing bank.
Now please go through URR 725 Sub-article 7(f) which states as follows---
Quote
f. Any requirement for:
i. pre-notification of a reimbursement claim to the issuing bank must be included in the credit and not in the reimbursement authorization.
ii. pre-debit notification to the issuing bank must be indicated in the credit.
Unquote

Hope you are able to understand the mistake done by you.

Regards
Shafique

abrar
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Re: Why Pre Debit Notification Must Be Stated In The Credit And Not In Reimbursement Authorization

Post by abrar » Mon Oct 23, 2017 2:36 am

Shafique, you have restated sub-article 6f but have not answered Albert’s question

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