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100% Profit In Transferable LC
Posted: Tue Feb 03, 2015 8:57 pm
by RAHULCH
Hi all
Apologies .... queries regarding this has come up in many shape in this forum..please treat mine differently
scenario:
A transferable LC for usd 10000,partial shipments prohibited quantity:100mt sugar
can the first beneficiary transfer the LC for usd 5000,provided the entire quantity remains the same
YES
Posted: Sun Feb 08, 2015 12:58 am
by picant
Hi Pal,
nobody may prohibit you to earn 100% in this transaction!
Being referred to the whole quantity, there are no partial shipments.
Ciao
transferable issue
Posted: Sun Feb 08, 2015 3:12 am
by mano
dear,
yes
no one can prevent the middle man for getting profit margin like 100 %
respect partial shipment, as total quantity transferred too in one transfer to one 2nd beneficiary it is ok with the credit and the transfer would be valid
regards
ARTICLE 38(d)
Posted: Sun Feb 08, 2015 1:36 pm
by tituisrt
hello
Yes u can transfer $5000 for 100Mt sugar
Bt u can't transfer the LC to More than one beneficiary.
Thanks
How to Pay comissions to brokers through lC
Posted: Wed Apr 01, 2015 9:48 pm
by globalgoods
I have a contract to be signed for 200,000MT/month with a Profit of $40 and I need to pay $10 for each of my brokers who are abroad.My company is in India,as per Indian rules only 1 million usd per year outside India.I need to transfer 2millionusd/month for each of my broker.Is there any possibilities to do through LC.
If partial Shipments are allowed can I add my brokers as secondary beneficiaries/?.If so what are the documents I need to get from them
dear
Posted: Thu Apr 09, 2015 12:40 pm
by shady
Dear,
no problem regarding profit margin to be 100 %
so first benef can transfer the l/c or usd 5000.00 based on the full quantity remains the same as per the org. l/c
regards
100% Profit In Transferable LC
Posted: Sat Apr 11, 2015 7:08 pm
by shaikhfar
Yes the 1st bene can transfer for 50% of the master lc amount.
However as the partial shipment is prohibited in the master lc, the transfer cannot be done to more than 1 second bene and the quantity should be transferred in full
100% Profit In Transferable LC
Posted: Wed Jul 17, 2019 6:23 pm
by dinesh2476
Dear experts,
Have we come across a case where 100% transfer to 2nd Beneficiary with 1st Beneficiary wishes to replace
some of documents post receipt of documents at 1st Beneficiary bank?
as there is no concrete procedure to agree/disagree,why would one wish to do that
rather then allowing 1st beneficiary to send the documents directly to issuing bank as 100% transfer.
Thanks & Regards
Dinesh