i need your opinion on issuance of a non operative letter of credit.
1.how do u differentiate between a pre-advise and a non operative letter of credit
2. if someone includes the following clause, will you count it non operative?
3. what are the possible legal consequences of a such a letter of credit?field 46a:
* This credit is inoperative and not available for drawing till we send an amendment to the effect, quote //our credit no. xxxxx. dated xxxx for USD xxxxx is now operative and available for drawing. All other terms and condition of the original lc will remain unchanged.// unquote. the original advised amendment must be presented at the time of negotiation and without it presentation will not be honored. Beneficiary must also certify that they have accepted this amendment.