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Regarding Beneficiary Change

Posted: Tue Feb 18, 2020 5:48 pm
by RANA
Dear Expart,

Is it possible to change Beneficiary? Old Beneficiary unable to shipped goods.
What kind of risk factors involve in this type of amendment?

Thanking in advance.

Re: Regarding Beneficiary Change

Posted: Wed Feb 19, 2020 5:32 pm
by picant
Hi Pal,

possible, by amendment but with consent of all parties involved. Banks are not happy in doing such
amendment, preferable cancellation and issuing of a new doc. credit.
Other comments appreciated
Ciao

Re: Regarding Beneficiary Change

Posted: Wed Feb 19, 2020 5:33 pm
by cristiand969
same opinion as Picant