Can L/C Be Forfeited Before Shipment Has Been Done

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MIA19
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Can L/C Be Forfeited Before Shipment Has Been Done

Post by MIA19 » Mon Nov 09, 2015 2:03 pm

Dear all,
can l/c be forfaited before shipment has been done, as sort of pre-shipment financing
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nraajesh
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Forfaiting before shipment

Post by nraajesh » Thu Nov 19, 2015 5:47 pm

Hello Mia,

Definitely possible. Different banks have different internal policies to perform such process.

Regards,

Rajesh
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MIA19
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FORFAIT

Post by MIA19 » Tue Nov 24, 2015 1:32 pm

But isn't the forfait by definition buying of receivables without recourse?
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