L/C for purchasing ship

hassan · Post by **hassan** » Tue Nov 04, 2008 2:10 am

Dear all,
can any one give some explanation about terms of a L/C for purchasing a ship? is it different with a ordinary L/C ?

cristiand969 · Post by **cristiand969** » Tue Nov 04, 2008 7:26 pm

It is for the seller and buyer to establish such conditions in LC. The ship is equivalent with any other machine, equipment so I don't feel the LC will be different structure. However, given the fact that implies larger amount it may be possible that transaction to be established on an advance payment + mixed payment through LC.
I assume the carrier/owner of vessel will be the beneficiary of the LC.
regards
cristian

shahriar · Post by **shahriar** » Tue Nov 04, 2008 8:46 pm

i have seen such LCs. there was nothing especial. there was a no. of clauses related to engine detail. most of them were taken from the MOU. most of them are mixed payment. delivery terms are bit different.

regd

shahriar

picant · Post by **picant** » Mon Jan 05, 2009 11:38 pm

Hi Pals,

I need a full text of a L/C for importing a Ship or better a motoryacht.
If you have already been involved in such transaction, plese contact me, may be sending a L/C full text.

picchi.antonio@virgilio.it

Thanks and Ciao

shahriar · Post by **shahriar** » Tue Jan 06, 2009 12:36 am

dear picant,

i will send it tomorrow

regd

shahriar

picant · Post by **picant** » Tue Jan 06, 2009 12:43 am

Hi Shahriar,

thank you very much

Ciao

cparial · Post by **cparial** » Tue Jan 06, 2009 7:14 am

But, the striking feature is that there is no BL in this transaction.

Thanks

cparial