LC Payment with Subjective Clauses
Post 1 of 4
An LC from a reputable Buyer requires:
-Letter from Buyer stating Original BL was recieved
-Letter from Buyer stating that goods are in Good Order
-Presentation of FCR issue by buyer's appointed forwarder
Is this LC Good for Payment?
-Letter from Buyer stating Original BL was recieved
-Letter from Buyer stating that goods are in Good Order
-Presentation of FCR issue by buyer's appointed forwarder
Is this LC Good for Payment?
21 Aug 2006 22:01
Post 2 of 4
check here www.besttradesolution.com
Quoting from [Police]:
An LC from a reputable Buyer requires:
-Letter from Buyer stating Original BL was recieved
-Letter from Buyer stating that goods are in Good Order
-Presentation of FCR issue by buyer's appointed forwarder
Is this LC Good for Payment?
04 Jun 2008 09:49
Post 3 of 4
Quoting from [Police]:
An LC from a reputable Buyer requires:
-Letter from Buyer stating Original BL was recieved
-Letter from Buyer stating that goods are in Good Order
-Presentation of FCR issue by buyer's appointed forwarder
Is this LC Good for Payment?
The answer is an emphatic NO. Any term in the LC that requires the buyer to provide/furnish (as a pre-condition to compliance), is dangerous and not to be touched with a bargepole!
15 Jun 2008 19:57
Post 4 of 4
Quoting from [Catalyst]:Quoting from [Police]:
An LC from a reputable Buyer requires:
-Letter from Buyer stating Original BL was recieved
-Letter from Buyer stating that goods are in Good Order
-Presentation of FCR issue by buyer's appointed forwarder
Is this LC Good for Payment?
The answer is an emphatic NO. Any term in the LC that requires the buyer to provide/furnish (as a pre-condition to compliance), is dangerous and not to be touched with a bargepole!
The tricky LC using 3 traps ..that will not pay any penny when goods had been delivered( via their nominated forwarder/ agent, and wait a must letter of acceptance that good in order, of course after arrival, and the most funny one is after the buyer receive the B/L ! and let them rob and hi jack the goods w/o pay
any Cent ... Which (opening) bank release/issue such LC ? Nigeria ? Cayman?
Uganda ? or Mars ? ...Ohhh..your goods are no good not as been Ordered, so we can not pay you.... Sayonara ... Wassalam.. bye be..
Is it clear enough ? ....
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22 Jun 2008 06:54
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