I have a doubt regarding Confirmed LC. Can confirmed LC bear any of the following payment clause:
By Deferred Payment
By Acceptance of a Draft
By Negotiation
Please assist
Confirmed LC Payment Terms
-
rejisac
- Posts: 5
- Joined: Tue Jun 24, 2014 12:40 am
- First Name: Reji
- Last Name: Isaac
- Organization: Paris Gallery LLC
- Filter: Two Plus Two =: 4
- Location: UAE
-
gegeeee
- Posts: 147
- Joined: Fri Jul 05, 2013 5:50 pm
- First Name: Gega CITF, CDCS
- Last Name: Topadze
- Organization: Bank of Georgia
- Filter: Two Plus Two =: 4
- Location: Tbilisi, Georgia
YES
Dear Rejisac,
Ofcourse it may bear any of the following payment clause, theese are payment terms, It doesnot have common with confimrmation.
.
Even if LC is confirmed or without confirmation, you will have 4 pmt options:
1) sight
2) differed
3) by acceptance
4) by negotiation
Best
Gega
Ofcourse it may bear any of the following payment clause, theese are payment terms, It doesnot have common with confimrmation.
.
Even if LC is confirmed or without confirmation, you will have 4 pmt options:
1) sight
2) differed
3) by acceptance
4) by negotiation
Best
Gega