IF ARTICLE 41 OF UCP 500 IS APPLICABLE
CAN THE CREDIT NOW WILL BE CEASE FOR THE THIRD PAYMENT
Search found 2 matches
- Tue Feb 13, 2001 12:00 am
- Forum: UCP 500
- Topic: DEFERRED PAYMENT LC
- Replies: 4
- Views: 2784
- Fri Feb 09, 2001 12:00 am
- Forum: UCP 500
- Topic: DEFERRED PAYMENT LC
- Replies: 4
- Views: 2784
DEFERRED PAYMENT LC
AN IRREEVOCABLE LC AVALIABLE BY DEFERRED PAYMENT AS FOLLOWS: 1-20% OF LC VALUE AGAINST SHIPPING DOCUMENTS 2-40% OF LC VALUE TO BE PAID AFTER 15 WEEKS FROM B/L DATE PROVIDED PRESNTATION OF COMPLIATION CERTIFICATE 3-THE REMAINING 40% AFTER 20 WEEKS FROM B/L DATE. DOES BENEFICARY IS LIABLE TO THE THRID...