Hi, I would like to know if the first beneficiary in a transferable LC can be in the name of an individual or it has to be a company/organisation?
Many thanks for your help.
Transferable LC - first beneficiary
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questiontime
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picant
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Re: Transferable LC - first beneficiary
Hi Pal,
UCP speaks of Party, so I think that beneficiary may be a company or an individual.
Other comments appreciated.
Ciao
UCP speaks of Party, so I think that beneficiary may be a company or an individual.
Other comments appreciated.
Ciao