One shipping bill (exchange control copy) can be used for2lc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2016
Here is an issue. We have one shipping bill ( exchange control copy) for two different LCs of same customers. Now our bank is not accepting two different LCs under a shipping bill.
Is there any wayout so documents can be negotiated ?
Can't we send a letter to bank to accept a shipping bill for both LCs ?
Please guide.
Is there any wayout so documents can be negotiated ?
Can't we send a letter to bank to accept a shipping bill for both LCs ?
Please guide.
Dr.RAMAKRISHNA. C
(Expert)
19 August 2016
Make a proper representation to the bank requesting it to negotiate two letters of credit under one exchange copy of shipping bill stating the buyer under two letters of credit is the same and there should be no problem in doing so. In case the bank the refuses, you may approach the Banking Ombusman with in one year from the date of receipt of the of reply the from your bank or if no reply is received from your bank for more than one year.
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