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Will you transfer lc that requires Beneficiary certificate

Posted: Fri Feb 16, 2018 10:39 pm
by TradeLaporte
Will you transfer an lc required beneficiary certificate and beneficiary required you to indicate that he is the one to provide such document and not the transferee

Re: Will you transfer lc that requires Beneficiary certificate

Posted: Mon Feb 19, 2018 12:58 pm
by Navi
hi,

In my opinion, when the LC requiring an document by first beneficiary is transferred, it will be impossible for the second beneficiary to comply with transferred LC terms. You should conduct beneficiary/issuing bank in case beneficiary insist on transfer.

Will you transfer lc that requires Beneficiary certificate

Posted: Fri Feb 15, 2019 4:41 pm
by dinesh2476
Dear Navi,

If the 1st beneficiary confirms such certificate will be presented along with Invoice and Draft, can transferring bank delete such condition while transferring it to 2nd Beneficiary?

inclusion of condition with request of 1st beneficiary certificate in the transferred credit, does not make any sense?

Thanks & Regards
Dinesh Kumar