PARA 4.15.3
- Document type
- Procedure
- Reference no.
- 15C
- Dated
- Category
- HB Vol.1 ( upto 31/08/2004)
Back to Back Inland Letter of Credit (LC)
4.15.3
The original Letter of credit (LC) may be retained by the bank for negotiation and only the non-negotiable copy of the LC may be given to the indigenous supplier.
The original Letter of credit (LC) may be retained by the bank for negotiation and only the non-negotiable copy of the LC may be given to the indigenous supplier.