- Second beneficiary is guaranteed to be paid upon complete and correct export documents
- Customers are consulted on special terms of L/C to mitigate risks
- Documents are examined by the bank
Transferable letter of credit
Whole or partial L/C transfer to one or more beneficiaries
Benefits
Feature
- Transferrable L/C is a suitable instrument for businesses acting as trade brokers
- Customers as first beneficiaries do not require credit facility when applying for transferable L/C to second beneficiary(ies)
Conditions
- Customers may transfer the whole or partial L/C (with or without document substitution);
- ACB is the advising bank and is authorized to negotiate or designated as the transferring bank
Contact
- Nearest branches/sub-branches, list here
- 247 Contact Center at phone number 1900 54 54 86 - (028) 38 247 247-1800 57 77 75