Port Of Loading And Discharge Are Warehouse To Warehouse

[Sudheer]

Hi All,

we have received the LC, where we are confirmation to the LC.

Beneficiary: XYZ - SINGAPORE
Applicant: ABC - CHINA

Port of Loading and Discharge as below
BONDED WAREHOUSE IN SINGAPORE

where as field 46 given as
WAREHOUSE WARRANT/WAREHOUSE RECEIPT IN ONE ORIGINAL

My Question is:

why port of loading and discharge are warehouse to warehouse when applicant is in 'CHINA'.

please advise whether we can add confirmation to the LC or not.

thanks

[picant]

Hi Pal,

from data provided here I think that the goods will be stored in a bonded warehouse in Singapore,
waiting for a further destination. The document to be presented, instead of a transport document
is a warehouse warrant or receipt that in many legal systems is considered as a document of title.
Then, confirmation will depend on the standing of the issuing bank, isn't?
Other comments appreciated
Ciao

[khaledosama]

Dear sudher ,

letter of credits is a mechanism to support trade not to limit it

as long as the beneficiary and the applicant agrees on that terms

l/c is provided to guarantee the payment against the documents