Invoice issued by a company who has acquired Beneficiary of the LC
Posted: Wed Feb 06, 2019 12:32 pm
Hi,
LC is issued in the name of Company A. Subsequently Company B has acquired Company A and the name of Company A changed as B legally.
Now Company B issues Invoice and presents documents to Issuing bank. Invoice letterhead titled in the following manner:
"Company B (Formerly known as Company A)"
Can the Issuing bank accept documents or quote discrepany for Beneficiary name?
Regards
Vinoth
LC is issued in the name of Company A. Subsequently Company B has acquired Company A and the name of Company A changed as B legally.
Now Company B issues Invoice and presents documents to Issuing bank. Invoice letterhead titled in the following manner:
"Company B (Formerly known as Company A)"
Can the Issuing bank accept documents or quote discrepany for Beneficiary name?
Regards
Vinoth