connection between proforma invoice and LC
Posted: Thu Apr 08, 2010 12:02 am
Hi, everybody,
Probably this subject has been discussed already - the relevance of a proforma invoice mentioned in the LC at the "description of the goods". I have an LC with no quantities specified, the amount is limited indeed: 39B Maximum credit amount - Not exceeding ( the amount precised in 32B). But no references to the quantities and to 45A "Descriptions of the goods": "Equipments(their type) and new spare parts, as per proforma invoice no....dated...." How the bank would check our items description in the invoice or packing list, or the quantities if I have only this mention in the LC? This is my question. Are we bound to respect word by word the descriptions in the proforma invoice ( I think we are not compelled to do this, but I wanted to be sure)?
I mention also that the proforma invoice is not integrated in the LC.
Thanks a lot!
Kind regards,
Ella
Probably this subject has been discussed already - the relevance of a proforma invoice mentioned in the LC at the "description of the goods". I have an LC with no quantities specified, the amount is limited indeed: 39B Maximum credit amount - Not exceeding ( the amount precised in 32B). But no references to the quantities and to 45A "Descriptions of the goods": "Equipments(their type) and new spare parts, as per proforma invoice no....dated...." How the bank would check our items description in the invoice or packing list, or the quantities if I have only this mention in the LC? This is my question. Are we bound to respect word by word the descriptions in the proforma invoice ( I think we are not compelled to do this, but I wanted to be sure)?
I mention also that the proforma invoice is not integrated in the LC.
Thanks a lot!
Kind regards,
Ella