**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 against … Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?