Split Payments Under an LC: 80% of Invoice Amount or 80% of LC Amount? Intro Credits that split payment between shipment and installation often cause confusion when partial shipments are involved. The key question is whether payment should be linked to a percentage of the invoice or a percentage of the LC amount. Question Dear Mr. Old Man, We have an LC for USD 10,000, available by payment. The LC provides: * 80% payable … Read More
MIXED PAYMENT LC QUERYby nura on Fri Jan 30, 2009 12:29 pm Hey!! I have an importer who wants to issue an LC in favor of an exporter in India. Now the proforma invoice shows that there will be USD 25000 paid in advance by TT. Our bank will make that payment. Now how should we construct the LC? Should we issue a … Read More
Insurance Certificate “To Order” and Blank Endorsement: Is the Absence of a Named Assured a Discrepancy?
Insurance Certificate “To Order” and Blank Endorsement: Is the Absence of a Named Assured a Discrepancy?