The LC beneficiary request the bank assign the LC proceed to third party (shipping company or party
who do not supply the goods as the credit) while description of goods stated in the L/C is truck.
Question: whether the bank can process as the beneficiary request or not?
Your comment is highly appreciate!!!!
Assignment Of Proceed Against LC Covering Shipment Of Truck
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Sophea
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Navi
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assignment to any party possible
Hi,
I see nothing wrong in assigning proceeds to any party i.e. assignee may be supplier, or bank or any other party.
Other comments appreciated
I see nothing wrong in assigning proceeds to any party i.e. assignee may be supplier, or bank or any other party.
Other comments appreciated