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Confirmed LC Payment Terms

Posted: Tue Jun 24, 2014 12:50 am
by rejisac
I have a doubt regarding Confirmed LC. Can confirmed LC bear any of the following payment clause:

By Deferred Payment
By Acceptance of a Draft
By Negotiation

Please assist

YES

Posted: Tue Jun 24, 2014 6:47 pm
by gegeeee
Dear Rejisac,

Ofcourse it may bear any of the following payment clause, theese are payment terms, It doesnot have common with confimrmation.
.
Even if LC is confirmed or without confirmation, you will have 4 pmt options:
1) sight
2) differed
3) by acceptance
4) by negotiation

Best
Gega