Letter of Credit Transfer and Assignment of Letter of Credit Proceeds ... Jun 20, 2008 . In contrast, when a letter of credit is transferred to the transferee, the right to draw or to perform under the letter of credit is also transferred. http://www.internationallawoffice.com/newsletters/Detail.aspx?g=c5aa4918-15f2-4890-ba28-ff973fd570f4
Transferable letter of credit A transferable letter of credit is one, which specifically states that it is transferable. . Most transfers involve a seller who, as beneficiary of the letter of credit, . http://www.creditmanagementworld.com/letterofcredit/lcinternationalloctransfer.html
Transferable Letter Of Credit Definition | Investopedia A letter of credit that permits the beneficiary of the letter to make some or all of the credit available to another party, thereby creating a secondary beneficiary. http://www.investopedia.com/terms/t/transferable-letter-of-credit.asp |