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the applicant can not change lc from sight to ussance without approval of beneficiary.
Yes it is possible to do the LC change type where 2 changes will be there; you will have to reverse the contra / liability posted at time of sight issuance and post a new contra / liability of the usance LC. Also, the new usnace type linked to a different credit facility, you have to refund the sight credit facility and book from the new usance credit facility.
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