The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
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TradeLaporte
- Posts: 165
- Joined: Sat Nov 24, 2012 12:40 pm
- First Name: ART
- Last Name: TRATADOLIBRE
- Organization: Trade Co
- Filter: Two Plus Two =: 4
- Location: United States
Post
by TradeLaporte » Sun Jul 13, 2014 10:06 am
Dear members
In your expert opinion will you consider discrepancy if invoice presented shows a down payment that is not mention in LC.
Thanks for your reply
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picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Post
by picant » Sun Jul 13, 2014 12:10 pm
Hi Pal,
ISBP 745 point C7 admits deduction covering advance payment , discount, etc that is not stated in the credit.
Ciao