discrepant or not

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

discrepant or not

Post by picant » Sat May 01, 2010 11:05 pm

Hi Pals,

an l/c was valid by deferred payment at 90 days from transport documents date with the advising bank, not confirmed.
A presenting bank sent documents to the advising bank, that inform it about discrepancy:
-Invoice shows payment terms not as per l/c.
In effect invoice shows in payment terms box :"Irrevocable documentary credit at 90 days net"
Is it discrepant or not?
Art 14 d is clear documents must not conflict.
The presenting bank indicate in the cover letter maturity at 90 days from road transport document

Your comments or advices appreciated

Ciao

jmitra
Posts: 247
Joined: Tue Sep 02, 2008 10:16 pm
First Name: jasmit
Last Name: mitra
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Location: India

additional information

Post by jmitra » Sun May 02, 2010 8:53 am

in my opinion, its an additional information and should be disregarded. by the way, whats a "net"

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

net

Post by picant » Sun May 02, 2010 3:45 pm

Hi Pals,

I think that the seller intend "without discount"or "without interest for 90 days".
Thank you
Ciao

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