The bank manager replied, "We only check to see if there's money in the account. As for whether it's been paid, you should ask the customer to ask the accepting bank. We've asked several times but haven't received any response. It seems a bit unusual."
“If the customer doesn’t pay, what are the possible reasons?”
At this time, Si Mingda realized that he might have encountered a letter of credit fraud, and his tongue was trembling with panic.
"Either the customer colluded with the freight forwarder and took the goods away in advance using the named bill of lading, or the customer and the issuing bank tampered with the letter of credit, causing it to become invalid. As long as the customer has taken the goods, you will have no way to recover your losses." The bank manager answered in a businesslike manner.
"What did you say? This letter of credit is fake?"
Si Mingda could no longer control his anxiety and questioned the bank manager in horror. The sudden and huge blow almost stopped his thinking. He felt his eyes go dark and his legs went weak. If Wang Mudan hadn't supported him, he might have fallen down.
He was clever all his life, but foolish for a moment. He thought he was a shrewd person, and usually he was the only one who schemed against others. So why was he being schemed against now? Who had designed this trap? Who was harming him? He was puzzled.
"If the customer keeps refusing to pay, it might be a fake letter of credit."
"I sent it to you for review, why didn't you help me confirm it clearly?" Si Mingda yelled at the bank manager in frustration.
"Mr. Si, we have confirmed that the letter of credit is genuine, but the customer may refuse to pay due to disagreements over the terms. This is a matter that you need to negotiate with the customer on your own. It has nothing to do with us."
"What is the dispute clause?" Simingda recalled at this time that when Gao Huai sent the draft of the letter of credit, they could not understand the terms at all. They thought that since it was a document issued by the bank, there would be no problem. They confirmed it in a hurry. He never thought that the document actually concealed so many mysteries. What should he do if the customer insisted on refusing to pay?
5 million is not a small amount of money. It is like cutting several pounds of flesh from Simingda. His heart has begun to bleed. Why does bad luck come one after another? Why does God punish him like this?
Si Mingda thought about it and felt that what the bank manager said made sense. They were just an accepting bank. They did not issue the letter of credit, nor did they pay for the goods. There was no point in claiming compensation from them.
In order to find out the truth, he had no choice but to find Li Xiaoliang, the "culprit" of this batch of goods. He should know why they refused to pay the balance.
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