LATE PRESENTION

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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SANUSILAMIN
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LATE PRESENTION

Post by SANUSILAMIN » Wed Jan 24, 2018 1:08 pm

DEAR ALL,,

I AM A BENEFICIARY OF CONFIRMED LETTER OF CREDIT ISSUED IN FAVOR OF ATLAS COPCO GMBH .IT IS EXPIRED NOW AND I DIDN'T PRESENT REQUESTED THE DOCUMENTS TO THE BANK UNTIL NOW.I DISCUSSED WITH THE APPLICANT ABOUT THE COPY OF DOCS WHICH SENT TO HIM SINCE NOV,2017 AND HE/THE APPLICANT ACCEPTED THEM . MY QUESTION IS COULD I PRESENT THE DOCS TO THE BANK UNDER THESE CIRCUMSTANCES ? AND WHAT THE KIND OF DISCREPANCY WILL BE WHEN I PRESENT THE DOCS ESPECIALLY THE DATE OF AIRWAY BILL IS 17.11.2017.

THANK YOU FOR YOUR PROMPT ACTION.
REGARDS

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picant
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Re: LATE PRESENTION

Post by picant » Thu Jan 25, 2018 1:16 am

Hi Pal,

expired documentary credit does not exist anymore. Please check the consignee of the AWB, if it is a bank..........
<other comments appreciated
Ciao

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SANUSILAMIN
Posts: 43
Joined: Mon Sep 11, 2017 2:47 pm
First Name: ALSUNOUSI
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Location: LIBYA

Re: LATE PRESENTION

Post by SANUSILAMIN » Thu Jan 25, 2018 5:04 pm

DEAR PICANT
I SO GLAD TO BE HERE AND GETTING A SURE INFORMATION FROM U SO I WOULD SAY THANK A LOT.
REGARDING YOUR REQUEST I CHECKE THE AWB I FOUND THE CONSIGNEE IS MY COMPANY.
REGARDS

nhungth306
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Re: LATE PRESENTION

Post by nhungth306 » Fri Feb 23, 2018 7:40 am

If the consignee is your company then you could discuss with the applicant to arrange another payment term or reissue another LC.

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