Third party documents acceptable

[samira]

Hi all,

I need your help for this subject:

L/C terms stipulates:third party documents acceptable except invoice and draft,
and it is an irrevocable and transferable L/C where we had precising on the l/c the name of the second beneficiary.

We have received a commercial invoice issued by second beneficiary.

Is this a discrepancy, i.e invoice issued by third party not comply with l/c terms??

Many thanks for your help.

Best regards.

Samira.

[picant]

Hi Pal,

probably the first beneficiary did not substituted the documents and the transferring bank accepted
documents that were compliant to the transferred credit.
More details are necessary. let us know.
Ciao

[Navi]

I think LC wrongly issued since transferable LC must not include such a term or must exclude article 38i, in the lc.