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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.