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Home Tag Archives: When-a-confirmed-lc-becomes-an-unconfirmed-lc

Tag Archives: When-a-confirmed-lc-becomes-an-unconfirmed-lc

WHEN A CONFIRMED LC BECOMES AN UNCONFIRMED LC?

By Mr Old Man
March 6, 2010
in :  Uncategorized
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QUERY FROM anilnair1966 hi under which condition that a confirmed letter of credit subject to UCP 600 may become unconfirmed without the consent of the beneficiary. ———————————— ANSWER When a confirmed LC becomes an unconfirmed LC? Hi, Please find herewith Mr. T.O Lee’s model answer to your query: QUOTE The last sentence in sub-article 10 (b) of UCP 600 should …

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