Cargo Receipt: To and From

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
tradegreen
Posts: 2
Joined: Mon Feb 08, 2016 3:33 pm
First Name: CC
Last Name: Park
Organization: Green
Filter: Two Plus Two =: 4
Location: Seoul

Cargo Receipt: To and From

Post by tradegreen » Tue Feb 09, 2016 1:38 am

In case of Usance L/C
In case of no movement of stock,
Only ownership transfer but stock stay in one warehouse

In case of banks need for cargo receipt,
Bank application form makes mandatory field to fill up

From:
To:

or

Port of discharge: Incheon
Place of final destination: Pyeongtaek

Advising Bank requires "Cargo Receipt"
Is it illegal in case of no movement of stock, in case bank application form is filled up in the following two ways?
=====> 1. but to submit cargo receipts,
====-> 2. and to fill up empty fields of

Post Reply