What are Key Points of a Confirmed Letter of Credit? скачать в хорошем качестве

What are Key Points of a Confirmed Letter of Credit?

📌 Key Points of a Confirmed Letter of Credit ✅ Only irrevocable letters of credit can be confirmed. 📩 The issuing bank must authorize or request the potential confirming bank to add confirmation at the issuance stage. 🙅‍♂️ No bank can be forced to confirm an LC — it is a voluntary undertaking. 🕒 If a bank is requested to confirm but is not willing, it must inform the issuing bank without delay and may still advise without confirmation. 🔁 Confirmation applies only to the original LC — the confirming bank is not obligated to confirm any subsequent amendments unless it agrees to do so. 🔒 Once confirmation is added, the confirming bank is irrevocably bound to honour or negotiate the LC upon a complying presentation, just like the issuing bank. #ConfirmedLC #LetterOfCredit #TradeFinance #ConfirmingBank #LCBasics #InternationalTrade