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Home Tag Archives: LC is cancelled without Ben’s agreement

Tag Archives: LC is cancelled without Ben’s agreement

LC CANCELLED WITHOUT BENEFICIARY'S AGREEMENT?

By Mr Old Man
March 5, 2010
in :  Uncategorized
2
6,997

QUERY FROM PTN IN DCPRO FORUM Pls urgently let us know yr ideas and the relating ICC ideas on our following case:– We issued an irrevocable LC in favour of a beneficiary in China with the expiry date in the end of 2009– The applicant requested us to cancel LC and get back the deposit. They presented to us a …

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