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Hi There,

41A AVAILABLE WITH : _____________BY_______________ BY DEFERRED PAYMENT

If the LC is by deferred payment, must it be available with an issuing bank or a bank nominated by applicant? Could it be the "advising bank" or "any bank"?

Lets say the issuing bank is in Japan, and Beneficiary and advising bank is in Malaysia.

What is the best option for the beneficiary and why?

Hi,

Pls refer Article 6 for definition of availability.
For a beneficiary, it will make sense to have the LC available with a bank in their own country ( it would generally be their banker which would be the ADVISING BANK or "any bank"), the reason being ease of presentation of documents within LC expiry date.

Hope this helps.

SGN