Advise About Usance L/C 30 Days

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minhnguyen2105
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First Name: MINH
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Advise About Usance L/C 30 Days

Post by minhnguyen2105 » Mon Jun 05, 2017 4:44 pm

Pls advise help me different between below point on payment term on contract :

12.Mode of Payment: By irrevocable acceptance L/C at 30 days after sight for 98% of the invoice ..... instead of

12.Mode of Payment: By irrevocable usance L/C at 30 days after sight for 98% of the invoice .....

Thanks! :)

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Being no native speaker....

Post by picant » Mon Jun 05, 2017 11:02 pm

Hi Pal,

being no native speaker I think that by acceptance beneficiary will obtain a draft that may discount on the market.
by usance, beneficiary receives only an undertaking of payment.
Other ignored
Ciao

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