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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
July 17, 2026
in :  Mr Old Man, Payment, Q&A
0
61

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

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

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Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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  • September 14, 2024

    WHEN IS AN AMENDMENT DEEMED ACCEPTED BY THE BENEFICIARY?

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