supplier's certificate signed by the first beneficiary
Posted: Sun Apr 18, 2010 3:19 pm
dear sir,
we know that in a transferable letter of credit, the name of the applicant may be replaced by that of the first beneficiary. Now the letter of credit requires;
Supplier’s certificate signed by the (name of the applicant here) stating that…………
Is it possible to replace the name of the applicant here with that of the first beneficiary?
In another case if a transferred letter of credit says
Supplier’s certificate signed by the (name of the first beneficiary here) stating that…………
In this case who can issue this certificate?
Does the second beneficiary has to get the sign of the first beneficiary to make his documents complying?
If the first beneficiary is to substitute his document and want to replace this certificate, is it possible? If yes, who will sign the certificate?
we know that in a transferable letter of credit, the name of the applicant may be replaced by that of the first beneficiary. Now the letter of credit requires;
Supplier’s certificate signed by the (name of the applicant here) stating that…………
Is it possible to replace the name of the applicant here with that of the first beneficiary?
In another case if a transferred letter of credit says
Supplier’s certificate signed by the (name of the first beneficiary here) stating that…………
In this case who can issue this certificate?
Does the second beneficiary has to get the sign of the first beneficiary to make his documents complying?
If the first beneficiary is to substitute his document and want to replace this certificate, is it possible? If yes, who will sign the certificate?