Drawee for Confirmed Letter of Credit

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Drawee for Confirmed Letter of Credit

Post by kapsdubai » Sat Nov 25, 2017 4:05 pm

I have an LC opened from Bank A in Africa, which is confirmed by Bank B in Europe; where reimbursing bank is Bank C in USA; and LC is advised by Bank D in Dubai.

There is NO Clause 42D/A in the LC.

Please confirm who should be 'DRAWEE' in the Bill of Exchange? Reimbursing bank C or Confirmed Bank B?

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Re: Drawee for Confirmed Letter of Credit

Post by picant » Sun Nov 26, 2017 4:44 pm

same as next

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