discrepant or not
Posted: 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
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