WHETHER THE MASTER LC SHOULD BE CONFIRMED QUESTION Dear Mr. Oldman, While issuing a back-to-back LC, should the master LC be confirmed by the bank? What are the advantages of confirming the master LC? Regards Rohini — ANSWER Hi, The master LC and the back-to-back LC are separate. So, the master LC is regarded as an independent LC. If it is issued by a weak bank or a … Read More
Available with a Nominated Bank by Acceptance or Deferred Payment: Is the Nominated Bank Obliged to Act?
Available with a Nominated Bank by Acceptance or Deferred Payment: Is the Nominated Bank Obliged to Act?