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Home Tag Archives: another question about the clause T.T Remibursement

Tag Archives: another question about the clause T.T Remibursement

ANOTHER QUESTION ABOUT THE CLAUSE “T.T REIMBURSEMENT ALLOWED”

By Mr Old Man
September 21, 2018
in :  Mr Old Man, Q&A
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12,783

QUESTION Dear Mr. Old Man, May I ask a few questions. 1) Why do issuing banks allow TT reimbursement? because I know China banks do not. 2) Where TT reimbursement is allowed and a reimbursing bank is nominated in LC, I understand it’s not common for the nominated bank to be informed upon LC issuance, am I right? In any …

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