Letters of credit

A transferable/ back-to-back LC is a possibility - discover the mechanics from the Trade Finance banker, hence the accounting treatment.

Originally posted by : Sivakumar N
	A transferable/ back-to-back LC is a possibility - discover the mechanics from the Trade Finance banker, hence the accounting treatment.

completely agree, if you want to get LC from USA only

But why can't you use 2 LCs  one from C to B and one from B to A

I told this because, in India transferable and back to back LC are less used. But that is really good option

dear all

please  tell how to calculation of letter of credit opeing commission or charges on base of value of letter of credit and tenor