Transferable Letter of Credit | Urdu Language | Hindi Languge.

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   • What is Letter of Credit and how many type...  
A Transferable Letter of Credit (LC) is a documentary credit under which the Beneficiary (first Beneficiary) may request the bank specifically authorised in the credit to transfer the credit,available in whole or part, to one or more secondary Beneficiary(ies).
The LC can be transferred only in accordance with the terms and conditions stipulated in theoriginal LC, with the exception of the following which may be changed:
• the LC amount
• the unit price of goods (if stated in the original LC)
• the time of shipment
• the last date for presentation of negotiation documents
• the expiry date of LC