Dear member
Will you consider discrepancy when draft shows drawn on IB name per LC and right after country S.Korea . LC mentions Korea only
Your comments appreciated
Draft Shows South Korea But Draft Shows Korea
-
- Posts: 2
- Joined: Sun Jan 18, 2015 1:31 am
- First Name: Manuel
- Last Name: Laporte
- Organization: CBT
- Filter: Two Plus Two =: 4
- Location: U.S.
- picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Korea vs S. Korea
Hi Pal,
IMHO, South Korea is a simple way to avoid difficulties, only Korea may be interpreted as North Korea involved in emargo and restrictions. Many korea banks write in their l/c that Korea means South Korea. I will check the Swift code KR Korea or S.Korea
KP North Korea. No discrepancy IMHO:
Other comments appreciated
Ciao
IMHO, South Korea is a simple way to avoid difficulties, only Korea may be interpreted as North Korea involved in emargo and restrictions. Many korea banks write in their l/c that Korea means South Korea. I will check the Swift code KR Korea or S.Korea
KP North Korea. No discrepancy IMHO:
Other comments appreciated
Ciao