Issuing Bank Name on Documents for LC

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suryasusanto
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Joined: Fri May 31, 2013 5:25 pm
First Name: Surya
Last Name: Susanto
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Issuing Bank Name on Documents for LC

Post by suryasusanto » Wed Jun 05, 2013 12:36 am

Dear Experts,

I have an irrevocable Confirmed Letter of Credit, my Beneficiary Bank told me a ridiculous thing in regards to the clause where I need to mention issuing bank name in all shipping documents. The Clause mentioned as below :

" All the documents required must bear our Bank name (Issuing Bank Name) and LC Number"

I have mentioned the complete Bank name in all of my shipping documents as follows:

Consignee :
To order of Blom Bank France,
full details of the bank.

My ben bank said that this is not enough, and I have to add such as below:

Consignee :
To order of Blom Bank France
full details of the bank

Issuing Bank :
To order of Blom Bank France
full details of the bank

I found that the request is ridiculous. However, they said if I did not do this way, it would be discrepant. Would you guys think it will be a discrepant without me mentioning Issuing bank : etc.. ??
Your Immediate response will be greatly appreciated. Thanks.


Best Regards,
Surya Susanto

he123
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Issuing Bank Name on Documents for Lc

Post by he123 » Wed Jun 05, 2013 10:48 am

Dear Surya

This discrepancy seems in order, Consignee details shall not satify requirement of issuing bank. Whatever You are telling consignee would be: to the order abc ...not telling issuing bank name.
Details required as follows:
Issuing Bank: Blom Bank france or xyz as mention in L/C.

Other comments are appreciated. Brgds

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