Quoting from [iammm1]:


Shipment was done yesterday and I sent DESPATCH DETAIL by fax to the applicant.

Q1) since this is an Air shipment, LC term is from Toronto airport to Mumbai airport. But flight is not direct so there are two light numbers. EG) #123, from toronto to A and #124 vancouver to Mumbai airport. LC states as “flight number" then how can I describe?


Q2) As I understand, as long as address and name of the applicant is recognizable and consistent LC bear the typo.. (Something like this) but does missing comma can create discrepancy? like 122 aaa st, Toronto. and document is created as 122 aaa st Toronto ( no comma).


Q3) Is there a rule to follow to create document what LC required? Such as Despatch details. When LC states to send fax of despatch details including Name of vessel, Quantity shipped and ETD and ETA ect. We shipped 2 each of 3 different products. Then should I state as Total Quantity shipped: 6? or describe what we shipped with quantity shipped? (I created as Qty2 and description of goods, and listed other goods). Also should we include time of arrival? And is document TITLE have to be DESPATCH DETAILS? How about FAX DESPATCH/ SHIPPING DETAILS?


Q4) Why bank prefer document collection than pay under LC?

When bank informed to correct document for other shipment, they said bank try to make hard for beneficiary, so they can ask for collection. I want to know why and if it is true.


I am sorry to ask so many, and basic questions. I really appreciate your reply. These are too simple, so it was hard to find a straight answer..

Thank you in advance.

I guess Im confused here maybe but is this deal pertaining to a Documentary Letter of Credit or simply Documents against acceptance?  Question 1 you mention an L/C and question 4 you ask why payment is by document acceptance instead of by negotiation of documents under an L/C.  If this was an L/C it should have stated the documents needed.

Q1 Does the the L/C state transhipment prohibited?  If not then it is allowed.  You can describe simply as named carrier flight# depart TOR/named carrier flight # arrive Mumbai. 

Q2 Make sure the paperwork matches that of the letter of credit.  If it was issued without the (,) then leave it out.  Typos on addresses are not really relavent, but good practice is to supply documents in the way the information is given on the L/C

Q3  Really if you had questions about what was required you should have contacted the buyer to spell out exactly what they required.  Also if this is shipment via Air there is no way to name a vessel.  Also correctly would have been to identify all 3 products at a quanity of 2 and a total quanity of 6.  Without knowing specifically what documents were required by the buyer it would be hard to finish this answer. 

Q4  Im not understanding what your asking?   What was ammended?  If this L/C was ammended it would have to of been ratified by you as well if it wass issued as irrevocable.

Ranger