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discrepant or not

Posted: Sat May 01, 2010 11:05 pm
by picant
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

additional information

Posted: Sun May 02, 2010 8:53 am
by jmitra
in my opinion, its an additional information and should be disregarded. by the way, whats a "net"

net

Posted: Sun May 02, 2010 3:45 pm
by picant
Hi Pals,

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