Advise Of Transferable LC Without Addition Confirmation

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Poorna888
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Advise Of Transferable LC Without Addition Confirmation

Post by Poorna888 » Tue Mar 18, 2014 4:01 pm

Can the transferred DC be advised to a second beneficiary without adding confirmation if transferred bank elect not to add confirmation?

abrar
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Confirmation

Post by abrar » Sat Mar 22, 2014 10:20 pm

If the transferring bank has added confirmation to the incoming LC on what basis do you think it reasonable for the bank not to extend its confirmation to the transferred LC? After all, it's the same LC. If the LC bears confirmation, the transferred LC must also bear confirmation. Art 38 of UCP600 refers

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