Invoice issued by a company who has acquired Beneficiary of the LC

Vinothkumar · Post by **Vinothkumar** » Wed Feb 06, 2019 12:32 pm

Hi,

LC is issued in the name of Company A. Subsequently Company B has acquired Company A and the name of Company A changed as B legally.

Now Company B issues Invoice and presents documents to Issuing bank. Invoice letterhead titled in the following manner:
"Company B (Formerly known as Company A)"

Can the Issuing bank accept documents or quote discrepany for Beneficiary name?

Regards
Vinoth

picant · Post by **picant** » Fri Feb 08, 2019 11:36 am

Hi Pal,

this is explained in ISBP 745 C2 b. Acceptable, no doubts!

Other comments appreciated

Ciao

Invoice issued by a company who has acquired Beneficiary of the LC

Invoice issued by a company who has acquired Beneficiary of the LC

Re: Invoice issued by a company who has acquired Beneficiary of the LC