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Home Tag Archives: Transferring-bank-s-liability-under-transferred-lc

Tag Archives: Transferring-bank-s-liability-under-transferred-lc

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

By Mr Old Man
March 6, 2010
in :  Articles
62
22,563

QUERY Hi Mr. Old man, Could you give me a word of advice in this case? Details as follows: A transferable L/C is issued by bank A in favor of Ben 1 and Ben 1 transfer this LC to Ben 2 by MT720 through bank B (the bank is nominated as transfering bank in original LC). Ben 2 presents docs …

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