All Charges Outside Bangladesh Are On Applicant Account

[Md.zakir Hossen]

pls share your opinion:
71B:All charges outside Bangladehs are on Applicant's account including Reimbursement Charges.
What the charges may be.What are the risk for Issuing Bank?
zakir.

[Armagedo]

Hi!

Provide more details.

Where issuing bank is located?
Where advising and nominated is located?
Where beneficiary is located?

For, example those charges may be all charge in reg LC, if advising, nominated bank are outside of Bangladesh...

[Md.zakir Hossen]

Suppose
The Issuing Bank is any of Bank of Bangladesh.
Advising,Nominated and Beneficiary is in China.

[Sudheer]

Hi All,

1. we have received MT 700 from ABC - hongkong bank but in field 51A applicant bank reads as XYZ bank - Spain bank where applicant is in Spain beneficiary is in india.
in MT 700 ABC bank is clearly mention applicant bank has no RMA with advising bank in india.
due to avoid the delay if any concerns or payment ABC is saying that documents to forward XYZ bank which is in hongkong country
in this case the ABC can issue only MT 710 or he can also issue MT 700 also?

[eftapasixos]

First af all you should check if the lc is confirmed. If not the word "Reimbursement" has ti be erased. Otherwise , obviously it will be remain.

Generally, the bank charges is a great issue and most of the issuing banks do not accept to assume charges outside of their country as it is quite risky for them.

But you can give it a chance by asking from the applicant to amend it