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Home Tag Archives: LC overdrawn

Tag Archives: LC overdrawn

Invoice Higher than the LC Amount – Can the Bank Pay More?

By Mr Old Man
September 12, 2025
in :  Mr Old Man, Payment, Q&A
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In documentary credit operations, one of the recurring issues is when the presented commercial invoice shows an amount higher than that permitted under the letter of credit. Should the bank pay the full invoice value or restrict payment to the LC amount? Sub-article 18(b) of UCP 600 provides important guidance in this regard. Question Dear Mr. Old Man, We appreciate …

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Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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