Hi


can anyone help, i orderded goods from a trustpass member back in oct 2007, i entered into a guarenteed bill of exchange, to date i have had no goods, the member will not contact me and will not accept my request from my bank to cancel the bill, does anyone know how i can get round this

Quoting from [Scott Rat]:

Hi

can anyone help, i orderded goods from a trustpass member back in oct 2007, i entered into a guarenteed bill of exchange, to date i have had no goods, the member will not contact me and will not accept my request from my bank to cancel the bill, does anyone know how i can get round this

      May I ?  Scott 

      But  before hand,  as each country got their own regulation in banks.

      It is much help to dissolve your case if :

      1. Which country that you were dealing with ?

      2. Who are the supplier and what merchandise ?

      3. What terms was the delivery (incoterms) and was there any latest date penalty?

          or at least expired date of it's limit (latest shipment date ?)

      4. What's bond / guarantee that you/your bank had issued ?

      5.   Bill of Exchange is (far as I knew) a receipt  that you had given to your bank against

          A payment that you gonna get it from any payment collection/remittance.

          And for being authorization it to your collecting bank, you would sign a set of blank B/E

          receipt due to the consignment against document presentation.( by L/C is at sigth).

          Need you to clarify what kind of Bill that you are mention ? the Supplier B of E or Yours?

      6. Cancel the Bill ?  which  & Whose Bill ?  or you mean the bond or bank guarantee ?

 # 1 to 6  are the Hints to cover up your case ?  as in International bank's  practice it sound  a

 bit strange ?  Un usual ..thing