Jayanta Bandyopadhyay (229 Points)
28 May 2022SBI issues LC to our Germany exporter. Purchase/ Negotiation. Vendor's bank is forcing Indian importer and bank to release payment based on scan docs and thereafter they will release original shipping docs.
Is it permitted?
Kindly guide
CS M Pota
(Company Secreatary)
(3180 Points)
Replied 31 May 2022
What are the Condition in the LC? because payment will have to be released as per the Condition of sending documents as mentioned in the LC.
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