Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

As an LC issuer ,when you can cancel the LC?

user-image
Question added by Deleted user
Date Posted: 2015/02/18
Amr Essam
by Amr Essam , Assistant Manager Finance , Dubai Islamic Bank

Only when LC expires, once issued is the issuers commitment. There is only one possible option in the very beginning where you can approach the receiving bank to cancel an LC ; on its discretion can choose not to advice the LC , and save yr life.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.