Who Will Bear LC Advising Charges & Confirmation Charges
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Who Will Bear LC Advising Charges & Confirmation Charges
pls clarify who will bear the LC confirmation charges and LC advicing charges if LC is silent about charges?
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as per art.37
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
commissions, fees,costs, etc. incurred by that bank.
Regards
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Lc Advicing charges & confirmation charges
If the LC is silent, the ordering party is responsible for the charges. In this case the issuing bank, and hence the applicant.
Regards,
Regards,
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Who Will Bear LC Advising Charges & Confirmation Charges
In my opinion also, the issuing bank
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Sub Art 37C
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.
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who will bear lc advising and confirmation charges
I am fully agree with colleagues, issuing bank.