Usance LC Discount Where LC Requires Cargo Receipt

TradeLaporte · Post by **TradeLaporte** » Fri Aug 08, 2014 7:18 am

Will your bank discount a presentation where cargo receipt is required and issuance bank accepted the presentation.

Your opinions appreciated it

Anurag · Post by **Anurag** » Fri Aug 08, 2014 11:35 am

Cargo receipt doesn't contain title of goods, in that case if LC is confirmed by the bank, then bank must discount other wise depend upon bank to bank practice.

other comments are appreciated.

Brgds
Ashish

picant · Post by **picant** » Sat Aug 09, 2014 1:51 pm

Hi Pals,

it seems to me that we have to discount the acceptance of issuing bank and not the fact that a bank owns the goods via a document of title. However local laws prevail.
Other comments appreciated
Ciao

Usance LC Discount Where LC Requires Cargo Receipt

Usance LC Discount Where LC Requires Cargo Receipt

Usance LC discount where cargo receipt required

discount