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Home Tag Archives: ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED

Tag Archives: ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED

ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED

By Mr Old Man
March 4, 2010
in :  Mr Old Man, Q&A, Uncategorized
0
2,914

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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