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CANCELLATION FEES

By Mr Old Man
March 7, 2010
in :  Mr Old Man, Q&A
0
3,473

QUESTION Dear Mr. Old Man, LC issued ABC Bank states that amendment and confirmation fees are for account of the beneficiary. Some days ago we received from ABC Bank a request for cancellation of the LC and a claim for USD230.00 being their cancelation fees and cable charges. We advised the beneficiary of the same but the beneficiary confirmed having …

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