predebit notification in reimbursement instruction

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
jim
Posts: 91
Joined: Fri Aug 15, 2008 11:58 am

predebit notification in reimbursement instruction

Post by jim » Fri Feb 13, 2009 10:17 am

Dear Sir,

Could you please help me to understand pre-debit notification? am i correct to define it just a as notice before debiting once account? How long can a predebit notification be? if deferred payment letter of credit include a predebit notification, Should it be included in the reimbursement authorization? how will we calculate the maturity date? is predebit notice in / outside the maturity period?

Post Reply