When is ok to suggest beneficiary to request cable negotiatio?

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TradeLaporte
Posts: 124
Joined: Sat Nov 24, 2012 12:40 pm
First Name: ART
Last Name: TRATADOLIBRE
Organization: Trade Co
Filter: Two Plus Two =: 4
Location: United States

When is ok to suggest beneficiary to request cable negotiatio?

by TradeLaporte » Tue Apr 10, 2018 1:41 pm

Dear members
Would like to know in your opinion when is good idea to request cable negotiation in a presentations of documents with several discrepancies.

What could be the problems? Do we need to consider that LC expires in the country of applicant?

Your comments highly appreciated it.

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picant
Posts: 1578
Joined: Wed Aug 20, 2008 1:49 pm

Clarification

by picant » Thu Apr 12, 2018 1:43 am

Hi Pal,

do you mean to contact the issuing bank asking for previos acceptance of some discrepancies?
Plaese clarify.
Ciao

TradeLaporte
Posts: 124
Joined: Sat Nov 24, 2012 12:40 pm
First Name: ART
Last Name: TRATADOLIBRE
Organization: Trade Co
Filter: Two Plus Two =: 4
Location: United States

Re: When is ok to suggest beneficiary to request cable negotiatio?

by TradeLaporte » Fri Apr 13, 2018 1:22 am

Hi! Ciao

Yes, what is the advantage to exporters to request a swift for discrepancies approval versus sending documents on approval basis

Your comments appreciated Ciao

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picant
Posts: 1578
Joined: Wed Aug 20, 2008 1:49 pm

IMHO

by picant » Sun Apr 15, 2018 7:43 pm

hi Pal,

So exporter is sure that the documents will be accepted while goods are enroute or even not yet departed.
Think to AWB, you have discrepant documents in hand, but the flight is booked next week, instead of receiving promises by the buyer/applicant , the issuing bank sent a message to your bank that all reported discrepancies will be accepted! I cited AWB, that sometime is consigned directly to buyer... One more thought: hoping to have a prompt reply from said issuing bank! Ciao

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