Questions about transferable L/C
Posted: Sun Apr 28, 2024 10:38 pm
Hi everyone! This is my first post so please take it easy on me 
Got a couple of questions, if you don't mind.
1. Let's say I am a broker. When my buyer initially issues a transferable L/C for me, do I have to give him my supplier's name to be included as the second beneficiary? Obviously, I want to prevent my supplier and buyer from knowing each other to avoid being bypassed.
2. I am quite sure you have heard about assignment of proceeds before. Will it help to conceal my supplier's identity? Do I need a credit line for assignment of proceeds?
Thank you!
Got a couple of questions, if you don't mind.
1. Let's say I am a broker. When my buyer initially issues a transferable L/C for me, do I have to give him my supplier's name to be included as the second beneficiary? Obviously, I want to prevent my supplier and buyer from knowing each other to avoid being bypassed.
2. I am quite sure you have heard about assignment of proceeds before. Will it help to conceal my supplier's identity? Do I need a credit line for assignment of proceeds?
Thank you!