Who Has To Provide Packing List In Transferable LC

RR1972 · Post by **RR1972** » Wed Jun 18, 2014 6:12 pm

There is nothing in the transferable L/C about who has to provide the packing list COO. Is it the first or the second beneficiary that has to doit

Further complications can arise since an L/C can be partially transferred

I believe responsibility lies with second beneficiary to present the correct documents if he wants to be paid. BUt since L/C can be partially transferred, non- presentation by the second beneficiary can prevent the first beneficiary from being paid his portion

A dispute between the beneficiaries of a L/C concerning who has to provide which documents can prevent the performance of the L/C