Issuing Bank Name on Documents for LC
Posted: 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
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