Transferable LC shown the wordings or similar information "MASTER LC"
Posted: Sat May 01, 2021 5:45 am
Hi Experts,
Original transferable LC was issued with wordings or similar information "This master is LC covered with Nitrile Glove". From my understanding, there are limitation to change the LC terms when transferring the LC to 2nd beneficiary. If this is the case, the statement "This master is LC covered with Nitrile Glove" must be transferred without any changes. Does it means the wordings "This master DC" will be transferred on the LC to ultimate supplier or "master" will be removed ?
Please share your comments. Thanks.
Original transferable LC was issued with wordings or similar information "This master is LC covered with Nitrile Glove". From my understanding, there are limitation to change the LC terms when transferring the LC to 2nd beneficiary. If this is the case, the statement "This master is LC covered with Nitrile Glove" must be transferred without any changes. Does it means the wordings "This master DC" will be transferred on the LC to ultimate supplier or "master" will be removed ?
Please share your comments. Thanks.