Issue on Substitute of BL

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
ARUNKUMAR
Posts: 1
Joined: Tue Jul 04, 2017 8:30 pm
First Name: Arunkumar
Last Name: Damodaran
Organization: Inditrades
Filter: Two Plus Two =: 4
Location: India

Issue on Substitute of BL

Post by ARUNKUMAR » Tue Jul 04, 2017 8:41 pm

Hi

I like to know if an Substitute BL can be accepted by an the first beneficiary Bank bank against the second beneficiary,s BL under UCP 600 Transferable LC.

Look forward to have a support as i am stuck right now with my bankers as they refused to accept the BL. Please note that this shipment is an mercantile trade.

Post Reply