Hi im very happy to be a part of Besttradesolution,
Please clarify where the Transferable Credit is applicable?
Transferable Credit
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jahfer5
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haribargava
- Posts: 36
- Joined: Thu Mar 12, 2009 5:34 pm
Transferable credit
Hi jahfer5
I understand your qn as "When Transfer credit is applicable?" as it is not clear what you are asking
LC is transferable if it says 'Irrevocable and Transferable"(Field 40E) in case of restricted L/c
In case of Freely available L/c Issuing Bank must clearly specify the bank which can effect transfer
Rgds
Hari
I understand your qn as "When Transfer credit is applicable?" as it is not clear what you are asking
LC is transferable if it says 'Irrevocable and Transferable"(Field 40E) in case of restricted L/c
In case of Freely available L/c Issuing Bank must clearly specify the bank which can effect transfer
Rgds
Hari