When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank? Intro In international trade, it’s becoming increasingly common for exporters to restructure their transaction models through a “sister company” abroad — often to optimize payment flows or take advantage of tax and logistics benefits. However, when a Letter of Credit (LC) is involved, this change can create uncertainty for the bank in Vietnam: can it still examine and present the … Read More