My business is importing from overseas, what is a transferable documentary letter of credit?
Last Updated: 21 Jun 2016
This is a letter of credit that specifically provides the original beneficiary the right to transfer either all or part of the benefit of the letter of credit to a third party.
Did this answer your question?
Related Answers
-
Once your organisation has the Card Manager module, your FastNet Business Administrator can provide access to other FastNet Business users ...
-
Once your access is enabled, download ‘ASB Mobile Business’ from either the iTunes Store for your iPhone, or Google Play ...
-
Your organisation can request the Card Manager module through your ASB Relationship Manager or the FastNet Business Helpdesk on 0800 ...
-
Exporters and importers can use a standby letter of credit as a backup which only activates in the event of ...
-
Once you’ve identified the card you wish to cancel and replace, use the drop down box to the right and ...
