Search found 1 match
- Tue May 01, 2001 1:00 am
- Forum: General
- Topic: Interst Amount added in Invoice
- Replies: 3
- Views: 2688
Interst Amount added in Invoice
X Bank establishes an LC for USD 100,000.00 with tenor 90 days from date of B/L.Merchandise is General Merchandise. No quantity or Unit price.Beneficiary presents Invoice for USD 100,000.00 which gives a break up of cif value 98,000.00 + Usance Interest of USD 2,000.00 Totalling USD 100,000.00 Are t...