Dual Currency Letter of Credit

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Westley
Posts: 23
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First Name: Westley
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Organization: Royal Bank of Canada
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Dual Currency Letter of Credit

Post by Westley » Sat Mar 28, 2015 6:53 pm

Is it possible to issue a Letter of Credit with two amounts, each of them in a unique currency.

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

All is possible...

Post by picant » Sun Mar 29, 2015 5:00 pm

Hi Pal,

all is possible, wording must be understable by all parties involved and the issuing bank will adjust the risk accordingly.
So it is up to you!
Other comments appreciated
Ciao

hardy2175
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DUAL CURRENCY LC

Post by hardy2175 » Mon Mar 30, 2015 11:08 pm

with two amounts in different currencies would it require separate sets of insurance and invoices . Can it pertain to the same shipment or a conversion rate for the two should be specified.

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