Documentation in transferable LC's

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
inomdag
Posts: 2
Joined: Wed Jul 18, 2018 7:18 pm
First Name: Eytan
Last Name: Admoni
Organization: ea-integratedfinance
Filter: Two Plus Two =: 4
Location: Israel

Documentation in transferable LC's

Post by inomdag » Fri Jul 20, 2018 10:34 pm

1) How can one "hide" the name of the second benf. on official documentation (C.of origin, C.of analysis, B/L, :) etc) other than allowing for
"third party documents acceptable".

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Transferable.... possible

Post by picant » Tue Jul 24, 2018 10:30 pm

Hi Pal,

in effect not all transferable l/c are transferable by hiding sensitive data as name of buyer or producer.
Some forwarders may act as "pivot" by preparing documents in the name of third parties when it is possible, beneficiary may ask for a l/c with few documents for availment.
Other comments appreciated
Ciao

inomdag
Posts: 2
Joined: Wed Jul 18, 2018 7:18 pm
First Name: Eytan
Last Name: Admoni
Organization: ea-integratedfinance
Filter: Two Plus Two =: 4
Location: Israel

Documentation in transferable LC's

Post by inomdag » Mon Jul 30, 2018 2:01 pm

Thank you Picant

Post Reply