IS 100% paid at dispatcher port - CIF is safe for exporter ?
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Users questions:Please help me to under stand, Buyer send me LC format which reads as :( 41 A) AVAILABLE WITH / BY SWIFT ADDRESS ...... any bank by negotiation. (42 P) PAYMENT DETAILS ..... 100% at dispatcher port-CIF. (48) PERIOD FOR PRESENTATION ......... within 42 days of shipment date. (72) SENDER TO RECEIVER INFORMATION ...... kindly confirm having notified and confirmed LC to beneficiaries by return swift quoting your reference.
THANKS.
Experts answer:be noted that clause (42P) is just for deferred payment details . (48) means period for presentation of documents , therefore , here you will have 42 days starts from bill of lading date for presentation of documents and take for your bank for negotiating . I suggest you to check clause (49) of LC for confirmation of adviser bank or any third party . Good Luck
Experts answer:be noted that clause (42P) is just for deferred payment details . (48) means period for presentation of documents , therefore , here you will have 42 days starts from bill of lading date for presentation of documents and take for your bank for negotiating . I suggest you to check clause (49) of LC for confirmation of adviser bank or any third party . Good Luck
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