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LC confirmation charges

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(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.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
07 August 2009 I never heard of confirmed or non confirmed LC ???
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
07 August 2009 Please let me know too abt it !!




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