Comply presentation in LC

Comply presentation in LC  means a presentation comply with:

  1. UCPDC Latest Version
  2. Credit terms & conditions
  3. ISBP Latest version

It is possible to issue any standby LC Under UCP 600

Letter of Credit payment Terms:

  1. Available by payment
  2. Available by negotiation
  3. Available by Deferred payment
  4. Available by Acceptance

Risk of the confirming bank:

  1. Insolvency of issuing bank
  2. Refusal of the issuing bank to reimburse because of disputes.

Loss or damage of goods in Transit is not risk to confirming bank.

Scroll to Top