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ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED

By Mr Old Man
March 4, 2010
in :  Mr Old Man, Q&A, Uncategorized
0
2,928

QUESTION Hello, I need some help. Is it possible for another bank to add confirmation to an LC that has already been confirmed? In other words, can an LC have two open confirmations from two separate banks? Thank you in advance. Kind regards, Emsequeira ———– ANSWER Dear Emsequeira, In trade finance, almost anything is possible—provided the parties involved are willing …

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

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