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Letter Of Credit And Non Documentary Condition
Posted: Wed Aug 20, 2008 9:25 pm
by iLC
say a letter of credit was issued to import mens trousers. under additional condition, the credit states that "labor union certificate" must show that the production does not involve any child labor.
is it a non-documentary condition?
iLC
Re: letter of credit and non documentary condition
Posted: Thu Aug 21, 2008 9:29 pm
by shahriar
Good question iLC. to me its a documentary condition. though its not asking for a certificate directly, to meet the condition, one needs to produce a certificate. So...
by the way, who is the exporter?
shahriar
non documentary condition
Posted: Thu Aug 21, 2008 11:08 pm
by iLC
thanks shahriar. i was expecting similar answer.
and by the way, the exporter address is bit secret. supply is limited
iLC
Re: letter of credit and non documentary condition
Posted: Tue Aug 26, 2008 2:42 pm
by nhduc
Hi Admin and iLC,
I know it is just a joke from iLC but I don’t think person-trafficking is an appropriate example to be used in a professional forum like ours. The forum may face a protest from our female readers/colleagues.
It is suggested that the example be removed or at least changed.
Thanks for your prompt attention.
Best regards
Nguyen Huu Duc
changing non documentary condition example
Posted: Tue Aug 26, 2008 8:58 pm
by iLC
sorry everybody.
thanks dear Nguyen
iLC
Re: letter of credit and non documentary condition
Posted: Wed Aug 27, 2008 6:32 am
by nhduc
Dear iLC,
You've made an excellent change. Truly appreciated.
With warmest regards,
Nguyen Huu Duc