Bank LC regarding query

Jayanta Bandyopadhyay (229 Points)

20 November 2022  

Instead of an L/C the financing bank XYZ, Germany will issue an “irrevocable Confirmation payment order” in Exporter's favour, covering the 75 % and 10 % of the purchase value. This document should serve also under Exhibit B in the a.m. contract .

 

Is it workable ?