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Home Tag Archives: Advising LC without Confirmation

Tag Archives: Advising LC without Confirmation

ADVISING LC WITHOUT ADDING CONFIRMATION

By Mr Old Man
March 4, 2010
in :  Uncategorized
0
2,631

QUERYBy Dholat on Thu Feb 05, 2009 11:36 pm We issued an LC and request a bank in Germany to confirm it. The bank however refused to confirm and sent us a swift to this effect. On the same day we received another swift which says that they have advised the credit without confirming it. Later we negotiated with another …

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