Best Trade Solution

Posted: **Sun Nov 09, 2008 6:37 pm**

Hi, all,
Have you ever read such a letter of credit?
On one of the terms and conditions , it shows "A DISCREPANCY FEE OF USD76.00 AND ALL RELATIVE SWIFT/TELEX CHARGES INCURRED ARE FOR ACCOUNT OF BENEFICIARY WHICH WILL BE DEDUCTED FROM THE PROCEEDS ON EACH SET OF DOCUMENT PRESENTED WITH DISCREPANCY (IES). "

On the other terms and conditions from the same l/c, it shows:"A DISCREPANCY FEE OF USD90 AND ALL RELATIVE SWIFT/TELEX CHARGES INCURRED ARE FOR ACCOUNT OF BENEFICIARY AND WILL BE DEDUCTED FROM THE PROCEEDS"
If discrepancies really incur, which terms and conditions will be subject to?
Pls explain to it. Tks.

Ofei

Posted: **Sun Nov 09, 2008 8:17 pm**

i think this is a clear mistake from the part of the issuing bank. you should sought for clarification.

Posted: **Mon Nov 10, 2008 8:18 am**

Thank you, I think the same.

Ofei

Posted: **Mon Nov 10, 2008 9:06 pm**

Seek clarification from the issuing bank. it is clearly a mistake

Best Trade Solution

Two Terms On One LC Stipulating Discrepancy Fee

Two Terms On One LC Stipulating Discrepancy Fee

Re: two terms on one lc stipulating discrepancy fee

Re: two terms on one lc stipulating discrepancy fee

Re: two terms on one lc stipulating discrepancy fee