Today we received email from seller that they want us to amend bank wording in no.78 and the cost of amend will be applicant's account.
By the way we've followed lc instruction seller sent to us and this wording is from the bank standard format and the seller want to use their wording which I don't think it's different meaning but they explained as per below.
Do you agree that this amendment cost because bank standard wording will be buyer's account?
Is it really different meaning?
Pls kindly help comment. Thank you.
L/C payment instruction:
Negotiating bank must advise us to the attention of treasury dept/import dept by swift of the bills negotiated 3 working days before reimbursing themselves from our A/c as indicated in field 53.
Our requested payment instruction:
Negotiating bank is authorised to claim reimbursement from reimbursing bank at sight, via authenticated swift for value 03 banking days from the date of negotiation certifying that all terms and conditions of this credit are complied with and must inform credit issuing bank on negotiation date through authenticated swift message details of total amount and value date.
The difference is that L/C is at sight, so negotiating bank has the right to claim reimbursement at sight (immediate) and not as per LC stated -> negotiated 3 working days before reimbursement.