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