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  • LC Confirmations

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    tahmidur rahman tanvir
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    This document requests an opinion on the calculation of confirmation commission for letters of credit that involve acceptance or deferred payment. Specifically, it asks whether the commission is calculated based on just the validity period of the letter of credit or the validity period plus the tenor period. It also inquires if there are any guidelines on this in UCPDC 600.

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    This document requests an opinion on the calculation of confirmation commission for letters of credit that involve acceptance or deferred payment. Specifically, it asks whether the commission is calculated based on just the validity period of the letter of credit or the validity period plus the tenor period. It also inquires if there are any guidelines on this in UCPDC 600.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views1 page

    LC Confirmations

    Uploaded by

    tahmidur rahman tanvir
    This document requests an opinion on the calculation of confirmation commission for letters of credit that involve acceptance or deferred payment. Specifically, it asks whether the commission is calculated based on just the validity period of the letter of credit or the validity period plus the tenor period. It also inquires if there are any guidelines on this in UCPDC 600.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

     

    Good Morning.

    Your valued and clear opinions are very helpful for us.Now your lucid
    opinion is requested on the following subjects.

    Quote

    What are the basis for calculation of confirmation commission for


    acceptance/deferred payment L/C?

     
    Whether it is for validity period of the L/C  or   validity period + tenor period of  the L/C ?

    Is there any guideline in UCPDC 600?

    Unquote  

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