How To Change Payment Method After Shipment?

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
Post Reply
nafisehdakhili
Posts: 1
Joined: Sun Nov 02, 2014 4:42 pm
First Name: nafiseh
Last Name: dakhili
Organization: IUST
Filter: Two Plus Two =: 4
Location: Iran

How To Change Payment Method After Shipment?

Post by nafisehdakhili » Sun Nov 02, 2014 4:46 pm

How can I change the payment method from TT to LC after shipment?? Is it possible?
Top
cdcsmentor
Posts: 6
Joined: Sat Nov 15, 2014 10:56 pm
First Name: Md.
Last Name: Mohiuddin
Organization: IBBL
Filter: Two Plus Two =: 4
Location: Bangladesh

amendment of lc terms

Post by cdcsmentor » Sat Nov 15, 2014 11:21 pm

There is no time limit for amendment of credit under ucp 600. shipment is related to transport docs and inspection only. the last time for acceptance of credit is presentation made by the beneficiary. so it is possible and if beneficiary accept the amendment, he will claim the fund accordingly
Top
Post Reply

Return to “Letter of Credit Forum”