What does Partial payment drawing mean? The l/c allowed partial shipments/drawings or payment before presentation of document for a certain L/C percentage??
/78 depends on the l/c avalaibility and if the bank is nominated or confirming and if you authorize them to claim reimbursement or provide to credit them under their request.
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When Partial shipment is allowed in the L/C how to get the partial payment? Is partial payment has to be mentioned clearly in the additional conditions in /47? I need to get the payment for the partial shipment is done.
Partial shipments allowed ,means that you may effect partial deliveries of goods, invoiced them, present the whole list of required documents, naturally referring to the partial delivery, to a bank , that will help you to obtain the payment as per L/C terms. However check UCP 600 for a complete definition of terms.