Advance payment under an proforma invoice & balance amount under an L/C

Majeed · Post by **Majeed** » Tue Dec 29, 2020 4:37 am

Hello,

Would appreciate your comments on the below.

A customer has made payment in advance of 30% of the cargo value under an proforma invoice and for the balance amount of 70% this is under an L/C.

How do we show this in the L/C?

Can we show under point 47A an additional comment of "Invoice to show full value of the cargo US$ 50,000.00 less advance payment of US$ 15,000.00 received".

Also how would we show the drafts with regards to this advance payment received.

This L/C is at sight basis and is a confirmed L/C.

Regards