Transfer LC-Goods description.
Posted: Mon May 20, 2019 5:02 pm
Dear experts,
Please help me to understand if changes in goods description be allowed to be
made as referred below
MT700 LC has goods description as follows.
Shirts-1000
Red-250
Yellow-300
white-300
Orange-150
LC are to be advised multiple 2nd beneficiary(MT720)with a request as follows.
2nd Beneficiary A
Yellow-100
white-100
Orange-100
2nd Beneficiary B
Red-100
Yellow-50
white-50
Orange-25
2nd Beneficiry C
Red-100
Yellow-25
white-25
Orange-25
2nd Beneficiary D
Red-50
Yellow-125
white-125
Is it appropriate to make changes as requested by 1st beneficiary? though there is no supporting provisions in the UCP, Do we have any past instances experienced in advising it to 2nd Beneficiaries?
if we receive an amendment with an increase in the respective products. How can that be advised to multiple 2nd beneficiary's? Is the amendment to be advised to all the 2nd beneficiary as it is... or do modification in the amendment while sending it 2nd beneficiaries
Is transferring bank authorised to make changes other than listed down in article 38g assuming presentation happens at transferring bank counter and no situation would come to forward 2nd beneficiary documents directly to IB?
Thanks & Regards
Dinesh
Please help me to understand if changes in goods description be allowed to be
made as referred below
MT700 LC has goods description as follows.
Shirts-1000
Red-250
Yellow-300
white-300
Orange-150
LC are to be advised multiple 2nd beneficiary(MT720)with a request as follows.
2nd Beneficiary A
Yellow-100
white-100
Orange-100
2nd Beneficiary B
Red-100
Yellow-50
white-50
Orange-25
2nd Beneficiry C
Red-100
Yellow-25
white-25
Orange-25
2nd Beneficiary D
Red-50
Yellow-125
white-125
Is it appropriate to make changes as requested by 1st beneficiary? though there is no supporting provisions in the UCP, Do we have any past instances experienced in advising it to 2nd Beneficiaries?
if we receive an amendment with an increase in the respective products. How can that be advised to multiple 2nd beneficiary's? Is the amendment to be advised to all the 2nd beneficiary as it is... or do modification in the amendment while sending it 2nd beneficiaries
Is transferring bank authorised to make changes other than listed down in article 38g assuming presentation happens at transferring bank counter and no situation would come to forward 2nd beneficiary documents directly to IB?
Thanks & Regards
Dinesh