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What is lc transfer?

7 Answer(s) Available
Answer # 1 #

A Transferable Letter of Credit (LC) is a documentary credit under which the Beneficiary (first Beneficiary) may request the bank specifically authorised in the credit to transfer the credit, available in whole or part, to one or more secondary Beneficiary(ies).

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Vishan Mallik
PEGGER
Answer # 2 #

A letter of credit can be transferred to the second beneficiary at the request of the first beneficiary only if it expressly states that the letter of credit is "transferable".

[2]
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Rafeeq Hingoo
PLASTIC DUPLICATOR
Answer # 3 #

Transferable Letter of Credit Secure the purchase of goods by transferring your export Letter of Credit (LC) to your seller. design. Simple process.

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Patralekha Chandru
LOG GRADER
Answer # 4 #

A transferable LC is one where at the request of the beneficiary ('first beneficiary') the LC is made available in whole or in part to another beneficiary ('second"Section 10.1.1, "Specifying... ยท Section 10.1.6, "Parties...

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Srikanth Vatsalya
SELVAGE MACHINE OPERATOR
Answer # 5 #

Transferable Letter of Credit is a credit document in which the exporter can transfer the credit in full or partial to another beneficiary.

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FC Ranjeet
CONTINUOUS TOWEL ROLLER
Answer # 6 #

A transferable letter of credit is a type of financial guarantee, known as a letter of credit, that additionally allows the first beneficiary to transfer some or all of the

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K.V.S. Sirvaiya
HISTOTECHNOLOGIST
Answer # 7 #

Transferred credit means a credit that has been made available by the transferring bank to a second beneficiary. c. Unless otherwise agreed at

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Neill Nemesh
Technical Director