Allowance applies unit price
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TradeLaporte
- Posts: 165
- Joined: Sat Nov 24, 2012 12:40 pm
- First Name: ART
- Last Name: TRATADOLIBRE
- Organization: Trade Co
- Filter: Two Plus Two =: 4
- Location: United States
Allowance applies unit price
LC allowance quantity and amount . Does it applies to unit price ?
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picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Re: Allowance applies unit price
Hi Pal,
art. 30 UCP 600 stats that allowance may refer to amount, quantity or unit price.
In Swift MT700 there is a dedicated field for amount; for quantity and/or unit price must be
quoted in field 47.
Other comments appreciated.
Ciao
art. 30 UCP 600 stats that allowance may refer to amount, quantity or unit price.
In Swift MT700 there is a dedicated field for amount; for quantity and/or unit price must be
quoted in field 47.
Other comments appreciated.
Ciao
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cristiand969
- Posts: 754
- Joined: Tue Aug 05, 2008 1:52 pm
- First Name: Cristian
- Last Name: D.
- Organization: Bank
- Filter: Two Plus Two =: 4
- Location: RO
Re: Allowance applies unit price
The credit must explicitly refers to allowance in unit price. It seems your credit does not refer to such unit price and therefore is not allowed.
From the commercial point of view, the price is an essential point of negotiation.. .you cannot increase it without express purchaser approval just to comply with maximum amount of the credit
From the commercial point of view, the price is an essential point of negotiation.. .you cannot increase it without express purchaser approval just to comply with maximum amount of the credit