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Home Tag Archives: the-documents-presented-under-sight-payment-lc

Tag Archives: the-documents-presented-under-sight-payment-lc

NEGOTIATING THE DOCUMENTS PRESENTED UNDER SIGHT PAYMENT LC

By Mr Old Man
March 11, 2010
in :  Uncategorized
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2,411

QUERY Dear Sir, I'd like to ask you some common problems about DC transactions. I am working in VCB. My customer has presented a LC that available with SCBLVNVX by payment and asked me to negotiate this LC with recourse basis. Can I accept this and forward to the issuing bank as general rule. In this case, do I have …

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From Negotiation to Payment: What’s Behind the Confirming Bank’s Request?

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