maturity pmt of ussance letter of credit

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bhagu
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maturity pmt of ussance letter of credit

Post by bhagu » Fri Mar 27, 2020 3:11 pm

hi guys
during this pandemic of corona almost everywhere is lock down and there is no foreign transaction also in this scenario what will happen to maturity payment of ussance LC.
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TaiOanlan
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Re: maturity pmt of ussance letter of credit

Post by TaiOanlan » Sun Dec 06, 2020 6:19 pm

I had experience on this situation.
L/C Issuing bank sent to us(negotiation/nominated bank) asking for tenor extension as well as L/C amendment for amending tenor.

Regards,
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