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.
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 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, .
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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 |
