Hi, all,
Have you ever read such a letter of credit?
On one of the terms and conditions , it shows "A DISCREPANCY FEE OF USD76.00 AND ALL RELATIVE SWIFT/TELEX CHARGES INCURRED ARE FOR ACCOUNT OF BENEFICIARY WHICH WILL BE DEDUCTED FROM THE PROCEEDS ON EACH SET OF DOCUMENT PRESENTED WITH DISCREPANCY (IES). "
On the other terms and conditions from the same l/c, it shows:"A DISCREPANCY FEE OF USD90 AND ALL RELATIVE SWIFT/TELEX CHARGES INCURRED ARE FOR ACCOUNT OF BENEFICIARY AND WILL BE DEDUCTED FROM THE PROCEEDS"
If discrepancies really incur, which terms and conditions will be subject to?
Pls explain to it. Tks.
Ofei
Two Terms On One LC Stipulating Discrepancy Fee
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jmitra
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Re: two terms on one lc stipulating discrepancy fee
i think this is a clear mistake from the part of the issuing bank. you should sought for clarification.
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ofei
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Re: two terms on one lc stipulating discrepancy fee
Thank you, I think the same.
Ofei
Ofei
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cristiand969
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Re: two terms on one lc stipulating discrepancy fee
Seek clarification from the issuing bank. it is clearly a mistake