Dual Currency Letter of Credit

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Westley
Posts: 23
Joined: Tue Feb 25, 2014 6:22 am
First Name: Westley
Last Name: Lobo
Organization: Royal Bank of Canada
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Dual Currency Letter of Credit

Post by Westley » Sat Mar 28, 2015 6:53 pm

Is it possible to issue a Letter of Credit with two amounts, each of them in a unique currency.
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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

All is possible...

Post by picant » Sun Mar 29, 2015 5:00 pm

Hi Pal,

all is possible, wording must be understable by all parties involved and the issuing bank will adjust the risk accordingly.
So it is up to you!
Other comments appreciated
Ciao
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hardy2175
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DUAL CURRENCY LC

Post by hardy2175 » Mon Mar 30, 2015 11:08 pm

with two amounts in different currencies would it require separate sets of insurance and invoices . Can it pertain to the same shipment or a conversion rate for the two should be specified.
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