how to issue the l/c to fulfill my client ask?
Posted: Wed Apr 22, 2009 6:18 pm
Hello everybody!!!
I need some opinions from you regarding the issuing of a letter of credit with a "special condition "!!!
My client wants to buy some goods from abroad and then he wants to sell them!!! The problem is that he wants to pay to the seller just the goods he will succeed in selling farther and the other ones to return them back.
I was thinking to put a condition in the l/c with regard to a guarantee issued by the beneficiary's bank to fulfill my client condition....I don't know...Will this condition make the L/C inoperative?
I specify that our client doesn't want a letter of guarantee..he insist upon a documentary credit!!!
Thank you in advance for yr kindness!!!
I need some opinions from you regarding the issuing of a letter of credit with a "special condition "!!!
My client wants to buy some goods from abroad and then he wants to sell them!!! The problem is that he wants to pay to the seller just the goods he will succeed in selling farther and the other ones to return them back.
I was thinking to put a condition in the l/c with regard to a guarantee issued by the beneficiary's bank to fulfill my client condition....I don't know...Will this condition make the L/C inoperative?
I specify that our client doesn't want a letter of guarantee..he insist upon a documentary credit!!!
Thank you in advance for yr kindness!!!