Article 18b - invoice in excess of LC amount

General questions regarding UCP 600
GSham
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Article 18b - invoice in excess of LC amount

Post by GSham » Fri Sep 16, 2011 1:00 am

Thanks Jeremy. I can see your point. But if it is an acceptance credit, going by your argument one would be expecting the drawee bank to accept a draft for $100 whereas the payment due is actually $98. To eliminate the confusion, the credit should just ask for a draft without mentioning that it should be drawn for 100% of the invoice value.

Regards, Gabriel
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