100% Profit In Transferable LC

RAHULCH · Post by **RAHULCH** » Tue Feb 03, 2015 8:57 pm

Hi all

Apologies .... queries regarding this has come up in many shape in this forum..please treat mine differently

scenario:

A transferable LC for usd 10000,partial shipments prohibited quantity:100mt sugar

can the first beneficiary transfer the LC for usd 5000,provided the entire quantity remains the same

picant · Post by **picant** » Sun Feb 08, 2015 12:58 am

Hi Pal,

nobody may prohibit you to earn 100% in this transaction!
Being referred to the whole quantity, there are no partial shipments.
Ciao

mano · Post by **mano** » Sun Feb 08, 2015 3:12 am

dear,

yes

no one can prevent the middle man for getting profit margin like 100 %

respect partial shipment, as total quantity transferred too in one transfer to one 2nd beneficiary it is ok with the credit and the transfer would be valid
regards

tituisrt · Post by **tituisrt** » Sun Feb 08, 2015 1:36 pm

hello
Yes u can transfer $5000 for 100Mt sugar
Bt u can't transfer the LC to More than one beneficiary.
Thanks

globalgoods · Post by **globalgoods** » Wed Apr 01, 2015 9:48 pm

I have a contract to be signed for 200,000MT/month with a Profit of $40 and I need to pay $10 for each of my brokers who are abroad.My company is in India,as per Indian rules only 1 million usd per year outside India.I need to transfer 2millionusd/month for each of my broker.Is there any possibilities to do through LC.

If partial Shipments are allowed can I add my brokers as secondary beneficiaries/?.If so what are the documents I need to get from them

shady · Post by **shady** » Thu Apr 09, 2015 12:40 pm

Dear,

no problem regarding profit margin to be 100 %
so first benef can transfer the l/c or usd 5000.00 based on the full quantity remains the same as per the org. l/c

regards

shaikhfar · Post by **shaikhfar** » Sat Apr 11, 2015 7:08 pm

Yes the 1st bene can transfer for 50% of the master lc amount.
However as the partial shipment is prohibited in the master lc, the transfer cannot be done to more than 1 second bene and the quantity should be transferred in full

dinesh2476 · Post by **dinesh2476** » Wed Jul 17, 2019 6:23 pm

Dear experts,

Have we come across a case where 100% transfer to 2nd Beneficiary with 1st Beneficiary wishes to replace
some of documents post receipt of documents at 1st Beneficiary bank?

as there is no concrete procedure to agree/disagree,why would one wish to do that
rather then allowing 1st beneficiary to send the documents directly to issuing bank as 100% transfer.

Thanks & Regards
Dinesh