HOW LONG DOES THE SECOND BENEFICIARY USUALLY WAIT TO RECEIVE PAYMENT? QUESTION Hi Mr. Old Man, Thank you for the prompt reply. Based on your experience, how long does the second beneficiary usually have to wait to get the money after the first beneficiary has been paid? Thank you. Genevieve —— ANSWER Hi, How long the second beneficiary usually waits to receive payment depends upon whether the transferring bank is the second the … 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?