Unfinished Letter of Credit, should it be revised?

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Unfinished Letter of Credit, should it be revised?

Post by starch123 » Fri Mar 11, 2022 7:41 am

So I am beneficiary, customer initiated an LC agreement export from Indonesia to Penang.
We agreed to split the delivery twice, so customer will be receiving 2 containers of the same product at different times.

We had finished the first shipment, however the customer complained that the product type was not up to standard, hence, they require another type of product.

Should the LC be revised? as the latest shipment date is coming near.

Thanks in advance!

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Re: Unfinished Letter of Credit, should it be revised?

Post by picant » Fri Mar 11, 2022 9:55 pm

Hi Pal,

Sorry, but I dont understand if you have already sent/shipped the goods.
Please check the latest shipment date, the admission of partial shipments and if the shipments have been scheduled.
and revert giving more details.

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