Partial payment drawing allowed

4 replies [Last post]
Mohandas
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Joined: 11/25/2008
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  1. How do I draft a L/C application with Partial Payment Drawing is allowed.  Please suggest me in under which field I can write this.
  2. Also please proivide me perfect wording in the field 78 for TT reimbursement request.
tulsi's picture
tulsi
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Joined: 04/09/2008
L/c field 43 P shows : partial shipment allowed.

 Mr. Mohan Das

L/c field 43 P mention : partial shipment allowed.  

Contact: [email protected]   or [email protected]   RegardsTulsi/ Dubai

pan
Offline
Joined: 09/13/2007
clarification needed

Hi friend,

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.

Please inform us.

Ciao

Mohandas
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Joined: 11/25/2008
Partial payment

Hi Cia,

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.

pan
Offline
Joined: 09/13/2007
No

Hi Friend,

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.

Ciao

 

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