Senerio:
LC opened confirmed by x bank Singapore for 180 days deferred
Docs received from x bank not as per LC I.e. shortfall of documents. Only CI,PL and forwarding received and requested for acceptance.
Goods released by LOI. Heavy fuel oil LC.
Question: Can I send discrepancies to mention that documents shortfall?
Presentation short original documents to issuing bank counter under a confirmed LC
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- Posts: 12
- Joined: Fri Oct 23, 2009 3:03 pm
- First Name: Sohel
- Last Name: Khan
- Organization: Bank Asia Limited
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- picant
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- Joined: Wed Aug 20, 2008 1:49 pm
Re: Presentation short original documents to issuing bank counter under a confirmed LC
Hi Pal,
usually when an issuing bank signed a LOI, received a previous acceptance of documents that will be presented under l/c.
IMHO, communicate discrepancies after an authorization to deliver the goods is reputationally wrong.
Other comments appreciated.
Ciao
usually when an issuing bank signed a LOI, received a previous acceptance of documents that will be presented under l/c.
IMHO, communicate discrepancies after an authorization to deliver the goods is reputationally wrong.
Other comments appreciated.
Ciao
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- Posts: 13
- Joined: Sun Sep 14, 2008 2:40 pm
Re: Presentation short original documents to issuing bank counter under a confirmed LC
Perfect Picant. The issuance of LOI would mean a blanket acceptance of all the discrepancies by the applicant. all banks issue LOI on that basis. Ravi