加拿大进出口外贸Letter of Credit issuance without knowledge of the Beneficiary



加拿大外贸

any body interested in this issue, let's discuss about it .

[ 本帖最后由 209kitty 于 2011-3-3 09:37 编辑 ]

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It's depends on the jurisdiction and general handling rules .

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Since there is obviously a contract between the buyer and the seller (otherwise it does not make sense to sent a letter of credit anyway )
than some jurisdictions rule that silence on the advise of the lc constitutes acceptance, in other jurisdictions courts have constituted an obligation of the seller to answer such advise and the lack of an answer creates an assumption of acceptance as penalty for the break of the answering obligation, others generally say there is no such acceptance by silence. It all goes back to the base contract and has nothing to do with the lc. If the lc is not accepted by the seller as a proper form of payment than the bank will cancel the lc and the buyer may have recourse if the lc was stipulated in the contract. However if the lc was not stipulated in the contract the tbank cost for the cancelled lc will not be  covered by any obligation in the contract.

  

Think on two lines, one is the buyer/seller (contract) and the other the buyer/bank (LC) with the seller as third party.

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So long,,,,,
You scared me...

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  try try try  ....

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me too !

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害我扫了半天屏幕!!以为从哪跑出来的小虱子。。。。

P.S.: ...

[ 本帖最后由 笑笑虫 于 2011-3-5 17:22 编辑 ]

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楼上好晕。。。。

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god
you kill me.

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Don't kick me out, please...



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好恶心
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