Will Banks Accept A Cover Letter With A Debit Note

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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TradeLaporte
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Will Banks Accept A Cover Letter With A Debit Note

Post by TradeLaporte » Thu Apr 18, 2013 7:24 pm

Dear members
Received a cover letter with a debit note that reads revised no transport documents should I refuse its handling as a documentary collection and return them to remitting bank? Your comments appreciate it
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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Clean collection

Post by picant » Tue Apr 23, 2013 10:15 pm

Hi Pal,

Invoice, Debit Note etc could be send for collection, art 2 d ii URC 522.
Other comments appreciated
Ciao
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