URGENT - LC CFM BANK

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
m3lony
Posts: 1
Joined: Mon Dec 18, 2017 2:58 pm
First Name: mel
Last Name: oh
Organization: abc
Filter: Two Plus Two =: 4
Location: sg

URGENT - LC CFM BANK

by m3lony » Mon Dec 18, 2017 3:02 pm

Dear All I need some help here.

I am based in country A and my head office is in country B.
Please advise if is possible to have the customer issue the LC to my head office in country B and then confirm the LC in Country A where that is where i am.

User avatar
picant
Posts: 1579
Joined: Wed Aug 20, 2008 1:49 pm

Re: URGENT - LC CFM BANK

by picant » Wed Dec 20, 2017 11:15 am

Hi Pal,

confirmation is towards the l/c beneficiary, soit will depends on the scenario.
Yours seems more a transferable l/c , confirmed to your HO and favouring your based branch.
Let me know, but it is better to inform your bank. What is possible in one Country is not in another.
Ciao

Post Reply