Transferable LC shown the wordings or similar information "MASTER LC"

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keihkwong
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Joined: Wed Jul 27, 2011 10:45 pm
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Transferable LC shown the wordings or similar information "MASTER LC"

Post by keihkwong » Sat May 01, 2021 5:45 am

Hi Experts,

Original transferable LC was issued with wordings or similar information "This master is LC covered with Nitrile Glove". From my understanding, there are limitation to change the LC terms when transferring the LC to 2nd beneficiary. If this is the case, the statement "This master is LC covered with Nitrile Glove" must be transferred without any changes. Does it means the wordings "This master DC" will be transferred on the LC to ultimate supplier or "master" will be removed ?

Please share your comments. Thanks.

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: Transferable LC shown the wordings or similar information "MASTER LC"

Post by picant » Sat May 01, 2021 1:04 pm

Hi Pal,

I am no native speaker, but the sentence seems to me referring to a paper document that has been treated with something to
avoid spreading of Coronavirus Covid 19. Please let me know if I am wrong.
Thanks and ciao

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