ANOTHER QUERY ON REVOLVING LC QUESTION WHAT ARE THE POINTS ONE HAS TO KEEP IN MIND, WHILE OPENING REVOLVING LC? Bhatia J ————————- ANSWER Dear Bhatia, There are some definitions of revolving letter of credit, one of which is defined as follows: A revolving letter of credit (RLC) is a special letter of credit type which is structured in a way so that it revolves … Read More
Insurance Cover Exceeding the LC Requirement – Is ICC (A) Acceptable When the Credit Requires Marine Risks or ICC (C)?
Insurance Cover Exceeding the LC Requirement – Is ICC (A) Acceptable When the Credit Requires Marine Risks or ICC (C)?