Letter of Credut
This query is : Resolved
Quick Summary
31 October 2021
I want to know if buyer in Dubai opens letter of credit for Sri Lanka company, how to I get indenting fees or brokerage of 500 usd in my bank account directly as the shipper exports goods to Dubai through letter of credit mode. As exporter gets money when they will give all documents in their bank with letter of credit.
31 October 2021
Ask Sri Lanka company to pay you on receipt of money on their bank account.
31 October 2021
Thanks for the reply.
They said as l c is opened by Dubai company. They can't do. As after l c is honored by Sri Lanka bank I don't know They means exporter or importer will give my commission. What are the other mode to secure commission, so that it directly comes to my account in Mumbai.
They said as l c is opened by Dubai company. They can't do. As after l c is honored by Sri Lanka bank I don't know They means exporter or importer will give my commission. What are the other mode to secure commission, so that it directly comes to my account in Mumbai.
31 October 2021
Request your payment is included in LC.
31 October 2021
Thanks for the reply.
I don't know how to include my payment terms .As l c is issued in Dubai and material will be shipped from Sri Lanka. How Sri Lanka bank will make payment to me. As after the shipment no one give my dues. Please guide me.
Regards.
I don't know how to include my payment terms .As l c is issued in Dubai and material will be shipped from Sri Lanka. How Sri Lanka bank will make payment to me. As after the shipment no one give my dues. Please guide me.
Regards.
31 October 2021
Thanks for the reply.
I don't know how to include my payment terms .As l c is issued in Dubai and material will be shipped from Sri Lanka. How Sri Lanka bank will make payment to me. As after the shipment no one give my dues. Please guide me.
Regards.
I don't know how to include my payment terms .As l c is issued in Dubai and material will be shipped from Sri Lanka. How Sri Lanka bank will make payment to me. As after the shipment no one give my dues. Please guide me.
Regards.
31 October 2021
Request the exporter of Sri Lanka to make payment no other way.
01 November 2021
Thanks for the reply.
Dear sir,
That's not possible. Only way to get the commission is through bank only. I have to get commission from buyer only. Their should be some mode to receive money officially from overseas bank.
Regards.
Dear sir,
That's not possible. Only way to get the commission is through bank only. I have to get commission from buyer only. Their should be some mode to receive money officially from overseas bank.
Regards.
01 November 2021
Buyer can transfer money to your bank account directly without any LC no problem.
01 November 2021
Thanks again.
Dear sir,
It's not possible as no one will transfers money after l c issued and cargo received by buyer. All precautions taken at the time of l c is opened. I don't know international banking .
Regards.
Dear sir,
It's not possible as no one will transfers money after l c issued and cargo received by buyer. All precautions taken at the time of l c is opened. I don't know international banking .
Regards.
01 November 2021
Consult your nearby bank branch having foreign exchange operation. Money can be transferred directly to your bank account.
01 November 2021
Check with the same bankers part of the money from LC can be transferred to your bank account.
01 November 2021
Thank you for your reply.
I already asked them, they told its out of India , so can't help.
Regards.
I already asked them, they told its out of India , so can't help.
Regards.
01 November 2021
Get direct remittance from your Dubai client.
01 November 2021
Thanks again.
They say they can't send. Is possible to add one more beneficiary in the l c means first is seller and second my name with Bank details and amount of usd 500.00 so that as seller gets his invoice value and I get my brokerage from their bank directly to my account in India.
Regards
They say they can't send. Is possible to add one more beneficiary in the l c means first is seller and second my name with Bank details and amount of usd 500.00 so that as seller gets his invoice value and I get my brokerage from their bank directly to my account in India.
Regards
01 November 2021
Yes, it's possible to add one more beneficiary in the l c .
01 November 2021
Thanks again,
I will try this option ,I don't know it's possible by overseas bank to send by swift transfer.
Regards.
I will try this option ,I don't know it's possible by overseas bank to send by swift transfer.
Regards.
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