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Home Tag Archives: 2nd advising bank

Tag Archives: 2nd advising bank

WHETHER THE ADVISING BANK CAN ADVISE THE LC DIRECTLY TO THE BENEFICIARY BYPASSING THE 2ND ADVISING BANK

By Mr Old Man
October 29, 2024
in :  Mr Old Man, Payment, Q&A
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QUESTION Dear Mr. Old Man We have received and LC from the Issuing bank. There is also a 2nd advising bank given in the LC. The beneficiary is our client as well. If the beneficiary is ok, can we advise the LC directly to them or should we necessarily follow the route of the 2nd advising bank to advise the …

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