Page 1 of 1
transferable SBLC
Posted: Mon May 17, 2021 3:34 pm
by MIA19
Hi everyone,
does anyone have any expirience with transferable Stand by L/C.
Any suggesions and advices?
thanks
regards
Re: transferable SBLC
Posted: Tue May 18, 2021 6:22 pm
by cristiand969
Unnlike a transferable guarantee, there is no specific rules (assuming SBLC is not subject to URDG 758) that the transferor has to provide a signed statement to the guarantor that the transferee has acquired the transferor’s rights and obligations in the underlying relationship.
Since the UCP600 appears quite inapplicable for transferable SBLC, ISP98 should be considered as it provides clearer rules for such a transfer
Hope it helps
Re: transferable SBLC
Posted: Thu Jun 10, 2021 11:33 pm
by Mybesttrade2021
I need to transfer sblc soon, hence I need more clarification please.
Re: transferable SBLC
Posted: Thu Jun 10, 2021 11:38 pm
by Mybesttrade2021
I am in Ghana, obtained an sblc from Oman, my bank in Ghana receives the SBLC. I need to transfer sblc to two separate suppliers in Brazil.. What will the procedure be like?
The sblc is irrevocable, transferable, Assignable and Confirmed.. What is the best option for me please??
I need your advice..