4.15.3
- Document type
- Procedure
- Dated
Back to Back Inland Letter of Credit (L/C)
4.15.3
The original Letter of credit (L/C) may be retained by the bank for negotiation and only the non-negotiable copy of the L/C may be given to the indigenous supplier.
The original Letter of credit (L/C) may be retained by the bank for negotiation and only the non-negotiable copy of the L/C may be given to the indigenous supplier.