Why This Bangladeshi Bank Use The Bank In UK As Receiver Instead Of Using A Bank In Australia?
Posted: Tue Sep 26, 2017 5:23 pm
Dear All,
Situation:
I have opened a Lc from my bank in bd in favor of the seller in Australia to import some items.I have seen in the swift format Lc the receiver is a bank from london ,and the advise through bank in 57a(Advise through Bank) the Australian bank. As per I know the the Bangladeshi bank has RMA with the receiver bank in UK.That is why they send through the swift through the UK bank.Thus it becomes the 1st advising bank and the sellers bank in Australia becomes the 2nd advising bank.
Q: 1 - why this Bangladeshi bank use the the bank in UK as receiver instead of using a bank in Australia as receiver ,,is this because they do not have RMA with any bank in Australia.
Q:2- If any amendment needed in the Lc as per i know massage transmission in the same format as the lc transmitted once it was send by the issuing bank in bd .But the documents should be submitted from sellers bank in Australia to issuing bank in Bangladesh . help me to clear about my confusion.
Regards
Saifullah
Situation:
I have opened a Lc from my bank in bd in favor of the seller in Australia to import some items.I have seen in the swift format Lc the receiver is a bank from london ,and the advise through bank in 57a(Advise through Bank) the Australian bank. As per I know the the Bangladeshi bank has RMA with the receiver bank in UK.That is why they send through the swift through the UK bank.Thus it becomes the 1st advising bank and the sellers bank in Australia becomes the 2nd advising bank.
Q: 1 - why this Bangladeshi bank use the the bank in UK as receiver instead of using a bank in Australia as receiver ,,is this because they do not have RMA with any bank in Australia.
Q:2- If any amendment needed in the Lc as per i know massage transmission in the same format as the lc transmitted once it was send by the issuing bank in bd .But the documents should be submitted from sellers bank in Australia to issuing bank in Bangladesh . help me to clear about my confusion.
Regards
Saifullah