in fact applicant should pay..

shahriar · Post by **shahriar** » Tue Dec 08, 2009 10:38 am

i have received an invoice made for the full invoice value USD 100000.00. but at the very bottom of the invoice there is a line "in fact applicant should pay 85000"

the draft is drawn for USD 85000 and the covering schedule also claims for USD 85000.

i understand the beneficiary is offering an discount. you opinion appreciated

LCstudent · Post by **LCstudent** » Tue Dec 08, 2009 2:01 pm

Dear Shariar ! on the face beneficiary grants a discount/deduction for whatsoever reason. But the difference of USD 15.000,00 may lead to the question of quality of shipped/invoiced goods: How about goods description under 45A ? Are there any statements to be made concerning goods are brand new and so on under 46A ? Which amount is available under L/C ? USD 100.000,00 or USD 85.000,00 ? Is the shipment completely executed concerning goods net weight (if stated in L/C ?) oder number of items (if any) ?
How about partshipments allowed or not ? I hope these lines help further on. other comments appreciated. Have a great day. Brgds LCStudent.

shahriar · Post by **shahriar** » Tue Dec 08, 2009 2:59 pm

thanks for your answer and to answer your questions;

goods description, unit price and quantity is as per LC. the credit was issued for USD 100000.00

partial shipment was allowed but goods were shipped in full quantity

LCstudent · Post by **LCstudent** » Tue Dec 08, 2009 3:32 pm

Dear Shariar ! Then invoice seems to be ok and should not be rejected through bankers. Rgds LCStudent.

narisa · Post by **narisa** » Tue Dec 08, 2009 7:48 pm

Dear Shahriar
Normally,l/c always required draft to be drawn for 100% of invoice value so the better way you should declare for less amount in commercial invoice.
other commernts appreciated.

21vita · Post by **21vita** » Thu Dec 10, 2009 2:53 pm

dear friends,in such a case,is there any balance remained under lc?or should i take it this way,there IS balance under lc but since the quantity has been shipped completly,the balance is actually not available.