DOUBLE CONFIRMATION: IS IT POSSIBLE? Today, Facebook reminded me of a fascinating discussion that took place 16 years ago — on 27 June 2009 — on the now-defunct DCPro forum. It revolved around a rather rare scenario: a letter of credit confirmed by two separate confirming banks. The original question came from Khalid (UAE), and the conversation included insightful responses from renowned trade finance experts … Read More
DOUBLE CONFIRMATION QUERY FROM Khalid Ifthikar – United Arab Emirates Even though UCP 600 does not mention or prohibit, can an Issuing bank request Bank A to add confirmation and request Bank A to advise the LC to Bank B for re-confirmation of Bank A risk.If this is clearly worded in the LC, should Bank B treat the issuing bank as primary … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?