Chapter 8 Letters concerning Letters of Credit LC
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Chapter 8 Letters concerning Letters of Credit L/C No. 03 -353 for USD 17, 599. 00 Issued by Sumuitmo Bank Ltd. , Osaka In favor of Dongfang Trading Co. , Shenzhen l In accordance with the issuing bank's instructions, we enclose herewith the original of the credit mentioned above, which please deliver to the beneficiary. l Please acknowledge receipt by returning to us the attached copy of this letter duly signed. l We thank you for your cooperation in this matter.
Chapter 8 Letters concerning Letters of Credit Your L/C No. 6854 Our BP 33048 -921 l Upon claiming reimbursement of our negotiation under the captioned L/C on National Westminster Bank, London, we have been informed by our London Office that the payment was effected under reserve for the reason that the L/C is overdrawn by USD 110. 00 according to their records. l In this regard, we would point out that the credit stipulates "Difference of about 2% in quantity and amount is acceptable. " In view of the fact that the amount we claimed is within the said limit, we therefore request them to lift the reserve under advice to us. l Your early attention to this matter is highly appreciated.
Chapter 8 Letters concerning Letters of Credit Your Amendment No. 9101/7756 to Your L/C No. 63809 l With reference to the captioned Amendment increasing the credit amount by USD 2, 500. 00, we would advise you that the total amount after the increase should be USD 13, 314. 00 instead of USD 14, 314. 00 as mentioned in the said Amendment. l We have made the due correction on your behalf and informed the beneficiaries of it with the total amount USD 13, 314. 00 instead of 14, 314. 00. l Kindly take note and confirm to us that our action is in order.
Chapter 8 Letters concerning Letters of Credit l l l Discrepancies in Documents under Our Letter of Credit No. 4081419 We are in receipt of your captioned payment advice together with the relative documents. We regret to advise you that we are unable to make payment for the reason of the following discrepancies in the documents: 1. Net weight is not indicated on the invoice, packing list and inspection certificate; 2. The number of cases shown on the invoice and the bill of lading is not consistent. We have referred the matter to our clients, who state that the above discrepancies are unacceptable to them. They, however, express the idea that the payment will be effected upon receipt of relative revised documents and deducting the delay penalty from the invoice value. Please take note of the above and convey the same to the beneficiaries. We are now holding the documents at your disposal pending your instructions.
Chapter 8 Letters concerning Bills for Collection Your Collection No. 3456 -02 l We are in receipt of your captioned collection along with the relative documents, which have been duly forwarded to the drawees. l In this connection, we have been today informed by our clients that they disagree to make payment for the reason that the bill of lading under the collection bears "tank at one end slightly rusty outside. " They will, however, effect payment upon arrival of the goods according to their actual condition. l Please take note of the above and advise the drawers of it.
Chapter 8 Letters concerning Bills for Collection l l l l New Documents under our Coll. No. 56708 Dated May 2, 2003 Our client, G&T Co. , Ltd. , asks you to change the drawees of the captioned collection to BB Chemicals In. , New York. We accordingly enclose herewith the new documents made out in the name of the new drawees. Drafts--in duplicate Invoice--in triplicate Weight list--in triplicate Inspection Cert. --in triplicate Please return to us at your earliest convenience the documents previously sent to you. We look forward to your early attention to this matter.
Chapter 8 Letters concerning Bills for Collection Return of Documents under Our Coll. No. OC-03 -6781 l We thank you for returning the unpaid documents under the captioned collection along with your letter dated June 23, 2003 which have been duly notified to the drawers. l To close this item, please arrange with the payers to return, at our expense, the relative parcel to the drawers under their advice to us. As instructed, we have today remitted your handling charges of USD 116. 500 to Bank of China, Hong Kong for your account. l We appreciate your kind assistance and look forward to your reply.
