Different Types of Letters of Credit (Communities - Services Offered)

Item ID 9365269 in Category: Communities - Services Offered

Different Types of Letters of Credit
As the name suggests, this is among those LC types where the beneficiary can transfer his/her right to third parties. It means these payment guarantee letters are transferable to the next beneficiary in the chain and involve a middleman. The original beneficiary requests the bank to transfer either the entire payment or part thereof to the second beneficiary. Here, the first beneficiary acts as a middleman.
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Target Nation: All Nations Target City : London Last Update : 24 August 2023 7:56 AM Number of Views: 74	Item Owner : Kenneth Jackson Contact Email: Contact Phone: 02030597831

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2024-05-18 (0.226 sec)