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Home Tag Archives: confirmed transferable LC

Tag Archives: confirmed transferable LC

CONFIRMED TRANSFERRED LETTER OF CREDIT

By Mr Old Man
January 31, 2021
in :  Mr Old Man, Q&A
9
5,541

QUESTION Dear Mr Old Man, I read your blogs and find them really interesting and helpful. I have a query regarding transfer LC 1. Can a confirmed LC be transferred? 2. If yes, is it mandatory that confirmation is carried forward in MT720? There is confusion regarding the same since as per UCP only 5 things can be reduced and …

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