LC quantity is 10000 yards (+/-10%).Invoice & PL quantity is 10,500 Yards. BL quantity 10,000 yards (repeats the LC goods description) and also evidences Gross Weight which is consistent with PL. Is the Issuing Bank correct in picking up the discrepancy BL evidences quantity as 10000 yards while...

Daniel

Please assume that refusal is sent on 17/03 which i failed to indicate in the question
[edited 3/19/2008 8:31:30 AM]

LC calls for a Beneficiary Certificate. LC additional condition evidences third party documents acceptable. Some feel that Beneficiary Certificate can also be issued by third party. The argument they give is that if Invoice can be issued by a third party why not the Beneficiary Certificate. Some giv...

LC Tenor: 60 days from sight Drawee: issuing bank. Docs are received by issuing bank Document Received: 14/03(Friday) Document Checked: 17/03(discrepant) Referred to Applicant: 18/03 Disc waived by the app: 19/03 Accepted by the IB: 20/03. We understand they mostly there is no difference when the di...