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Jayanta Bandyopadhyay   20 November 2022

Bank lc regarding query

Instead of an L/C the financing bank XYZ, Germany will issue an “irrevocable Confirmation payment order” in Exporter's favour, covering the 75 % and 10 % of the purchase value. This document should serve also under Exhibit B in the a.m. contract .

 

Is it workable ?



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