Advise Of Transferable LC Without Addition Confirmation
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- First Name: Poorna
- Last Name: De Silva
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Advise Of Transferable LC Without Addition Confirmation
Can the transferred DC be advised to a second beneficiary without adding confirmation if transferred bank elect not to add confirmation?
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- Posts: 984
- Joined: Mon Oct 25, 2010 11:52 am
- First Name: Abrar
- Last Name: Ahmed
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Confirmation
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