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Who Will Bear LC Advising Charges & Confirmation Charges
Posted: Sat Mar 29, 2014 8:07 am
by muralione
pls clarify who will bear the LC confirmation charges and LC advicing charges if LC is silent about charges?
as per art.37
Posted: Tue Apr 01, 2014 6:32 am
by iam90
as per art.37, issuing bank instructing another bank to perform services is liable for any
commissions, fees,costs, etc. incurred by that bank.
Regards
Lc Advicing charges & confirmation charges
Posted: Tue Apr 01, 2014 6:58 pm
by Westley
If the LC is silent, the ordering party is responsible for the charges. In this case the issuing bank, and hence the applicant.
Regards,
Who Will Bear LC Advising Charges & Confirmation Charges
Posted: Tue Apr 08, 2014 1:13 pm
by sanjay8176
In my opinion also, the issuing bank
Sub Art 37C
Posted: Thu Apr 10, 2014 2:25 am
by langtuhaohoa66
According to Sub art 37C, all charges is account for issuing bank. However, of course, issuing bank shall pass all charges back to appl. Actually, Appl will pay that charges.
who will bear lc advising and confirmation charges
Posted: Thu Apr 10, 2014 11:21 pm
by Tatachka
I am fully agree with colleagues, issuing bank.