Dear All
I need some urgent help on the small queries i have below:
In case the consignee is different as compared to the Applicant of L/C than whether the consignee name is required to be specified on L/C? If not specified can this be called as discrepancy by the Bank?
Secondly in the same case if the seller is required to deliver the goods at a different place (i.e. Consignees address) rather than the place mentioned in the LC (Applicant / Buyers Address) than can this be called as discrepancy by the Bank?
Different Buyer (Applicant) & Consignee
-
DKalra
- Posts: 1
- Joined: Thu Oct 01, 2009 11:31 am
- First Name: Deepak
- Last Name: Kalra
- Organization: Mitsui
- Filter: Two Plus Two =: 4
-
shahriar
- Posts: 923
- Joined: Fri May 16, 2008 1:03 am
- First Name: Shahriar
- Last Name: Masum
- Organization: Mutual Trust Bank
- Filter: Two Plus Two =: 4
- Location: Bangladesh
whats the clause
dear,
this could be a good question. but unfortunately without more information, i think we can not answer it correctly. it will be nice if you can quote the relevent credit clauses. as a very general answer, unless the LC specifies the consignee and its address, issuing bank can not raise a discrepancy.
other comment appreciated.
this could be a good question. but unfortunately without more information, i think we can not answer it correctly. it will be nice if you can quote the relevent credit clauses. as a very general answer, unless the LC specifies the consignee and its address, issuing bank can not raise a discrepancy.
other comment appreciated.