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Home Tag Archives: Amendment to increase LC amount

Tag Archives: Amendment to increase LC amount

Increasing an LC Amount – Is a Revised Proforma Invoice Required?

By Mr Old Man
3 weeks ago
in :  Mr Old Man, Payment, Q&A
0
37

Introduction When an applicant requests an amendment to increase the value of a documentary credit, banks often require supporting commercial documents to justify the amendment. But what if the beneficiary refuses to issue a revised proforma invoice or to indicate that the invoice has been revised? Is the issuing bank still able to process the amendment? The following Q&A discusses …

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Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

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