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Home Tag Archives: Changing payment terms

Tag Archives: Changing payment terms

CHANGING PAYMENT TERMS OF THE LC

By Mr Old Man
November 18, 2013
in :  Mr Old Man, Q&A
31
12,551

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – If the original LC mentions LC at sight, can the 1st beneficiary change this to LC 30 days usance when transferring this LC to the 2nd beneficiary ( if the 2nd beneficiary agrees to LC 30 days). If a sight LC is transferred as a sight LC, …

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