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LC confirmation charges

 

(Querist)
07 August 2009

We are purchasing some RM from Turkey Based firm. We are willing to issue an LC. The party wants the LC to be confirmed by the Bank i.e. wants an Confirmed LC.

Please guide me on the charges that would be levied for a confirmed LC by the Bank as a percentage of the LC value.


CA CS Prakash Somani (A helpin (Expert)
07 August 2009

I never heard of confirmed or non confirmed LC ???

CA CS Prakash Somani (A helpin (Expert)
07 August 2009

Please let me know too abt it !!



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