partial drawings
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joejoseph
- Posts: 5
- Joined: Thu Oct 29, 2009 9:21 am
- First Name: Joe
- Last Name: James
- Organization: Student
- Filter: Two Plus Two =: 4
partial drawings
I would like to know about partial shipment and partial drawings. Is there can be a case that where partial shipment is not allowed and a partial drawings can happen. As there is no specific tag in MT 700 to specify partial drawings. In case of transfer UCP600 38 D" A credit may be transferred in part to more than one second beneficiary provided partial drawings or shipments are allowed."And the Credit says Part shipment not allowed. Is it allowed to transfer the credit to more than one Beneficiary.
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bdesh
- Posts: 56
- Joined: Sat Jun 20, 2009 3:01 pm
- First Name: Hafizur
- Last Name: Rahman
- Organization: Southeast Bank Ltd
- Filter: Two Plus Two =: 4
- Location: Dhaka
Partial drawings
Dear sir,
If partial drawings or shipments are not allowed in the LC, transfer of the credit to more than one Beneficiaries not acceptable.
Regards
If partial drawings or shipments are not allowed in the LC, transfer of the credit to more than one Beneficiaries not acceptable.
Regards