How do LC discrepancies get handled?
Discrepancies possibility should be minimized by careful checking draft LC terms by both sides.
General
Can you provide a signed commercial contract before payment?
Yes. A signed contract can be issued before deposit where applicable.
Can you provide beneficiary bank SWIFT code?
Yes. Standard remittance bank account details are provided, including Swift code and etc. .
Do you provide a payment schedule?
Yes. Deposit, balance, deadline, and bank details can be stated in the PI or contract.
What happens if remittance is delayed?
Lead time, shipment slot, and price validity may be affected.
Can you accept credit card?
Usually no for bulk vehicle transactions due to limits, cost, and compliance.
Can we use escrow?
It may be possible in special cases, but it is not standard for most vehicle export deals.If you like to
Can you discount for full prepayment?
Sometimes yes. Prepayment may improve pricing depending on stock and financing cost.
Can you release documents before balance payment?
Normally no, unless credit terms were agreed in writing in advance.