An L/C states:
+SEND DOCUMENTS TO BANCO POPULAR ESPANOL
PASSEIG DE GRACIA, 17
08007 BARCELONA
AND COPY/PHOTOCOPY YOUR REMITTANCE LETTER TO
BANCO POPULAR ESPANOL
C/TORNEROS, 9 (POL.IND. LOS ANGELES)
28906 GETAFE (MADRID)
PLS help me with such clause "COPY/PHOTOCOPY YOUR REMITTANCE LETTER ". Wether this document is forwarded by beneficiary or bank?
Tks
Ofei
Copy/Photocopy Your Remittance Letter
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cristiand969
- Posts: 754
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- First Name: Cristian
- Last Name: D.
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Re: who forwards such document?
Although the word ' your' in swift message is interpreted as the receiver (e.g. advising bank) the beneficiary, by virtue of art. 6a can make a presentation directly to issuing bank and a copy of their remittance letter to be sent to the other bank.
All in all, he who makes a presentation to issuing bank should perform the second task (forwarding a photocopy of remittance letter to the other bank)
It is very clear from the text quoted
rgds
C
All in all, he who makes a presentation to issuing bank should perform the second task (forwarding a photocopy of remittance letter to the other bank)
It is very clear from the text quoted
rgds
C
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berry
- Posts: 329
- Joined: Fri Nov 07, 2008 11:36 pm
Re: who forwards such document?
i dont want to sound like a dump but what is a remittance letter
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ofei
- Posts: 93
- Joined: Tue Oct 28, 2008 8:51 am
Re: who forwards such document?
A remittacnce cover is a document for claiming proceeds.
ofei
ofei