DRAFTS UNDER CONFIRMED LCs AVAILABLE BY NEGOTIATION WITH CONFIRMING BANK QUESTION Hi, Attention is being drawn to the issue regarding drawing of drafts under a UCP600 confirmed credit available by ‘ negotiation ‘ with the confirming bank. This clarification is necessary because of different interpretations among LC practitioners. The contention here is whether drafts under confirmed credits available by ‘negotiation’ with the confirming bank are to be drawn on the … Read More