L/c palce of expiry-china
advising bank- china
Field 41a, availability-any bank in hong kong
Beneficiary from hong kong
i have a doubt Regarding place of expiry and Lc availability....is this ok if PLACE OF EXPIRY AND LC AVAILABLE ARE DIFFRENT..?
can any explain how it works , is it workable for beneficary
and what are risks arises for beneficiary to make presenation
I Have A Doubt Regarding Place Of Expiry And LC Availability
-
Ramesh123
- Posts: 4
- Joined: Wed Dec 16, 2015 7:50 pm
- First Name: venkata
- Last Name: ramesh
- Organization: anz
- Filter: Two Plus Two =: 4
- Location: India
-
picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
IMHO
Hi Pal,
i have a note that in your case documents must be presented in China (Hong Kong is China too) within the expiry date but will be honoured if the reach Hong Kong, being the risk of loss to the presenter.
It is similar to the sentence "credit expiry in China for documents presentation only"
Other comments appreciated
Ciao
i have a note that in your case documents must be presented in China (Hong Kong is China too) within the expiry date but will be honoured if the reach Hong Kong, being the risk of loss to the presenter.
It is similar to the sentence "credit expiry in China for documents presentation only"
Other comments appreciated
Ciao