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Document Under Collection with Two Different Tenor
Posted: Thu Apr 19, 2012 6:53 pm
by RAJENDRA
RECEIPT OF DOCUMENTS UNDER COLLECTION WITH TWO DIFFERENT TENORS
EX.
100% - USD 100
90% AT SIGHT USD 90.00 AND 10% UNDER USANCE TO PAY ON DUE DATE USD 10.00
Please help how to lodge and send acknowledgement to supplier bank.
Be cautious
Posted: Fri Apr 20, 2012 12:08 am
by picant
Hi Pal,
it must be certain that documents have to be delivered by payment at sight for 90% and an acceptance or undertaking by the drawee only.Otherwise contact remitting bank for clarification.
Other comments appreciated
Ciao
reply
Posted: Sun Jun 03, 2012 10:58 pm
by sandeep_mt
Dear Rajendra
With reference to your question ,u can lodge two bill one is for 90% of invoice value and another for 10% under D/A before that its better to confirm with the remitting bank regarding the document delivery instruction either docs to be delivered to drawee against payment or acceptance.
.
Posted: Wed Feb 05, 2014 5:08 pm
by nrprakashreddy
lodge with sight bill but instruction should be mention in instructions in finacle payment terms in usd 90 dollars in sight basis,usd 10 dollars in usance basis.
