Wording Of Reimbursement Undertaking
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- Posts: 8
- Joined: Wed Mar 26, 2014 6:59 pm
- First Name: SANDEEP
- Last Name: SAHU
- Organization: JSW STEEL LTD
- Filter: Two Plus Two =: 4
- Location: INDIA
Wording Of Reimbursement Undertaking
A beneficiary wants to have a reimbursement undertaking for a LC issued in its favor. What will be the wording in reimbursement instruction in LC.
- picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Ehm Ehm....
Hi Pal,
reimbursement conditions are for banks not for beneficiary.
This beneficiary is too invadent, specially if l/c is available by negotiation.
Other comments appreciated
Ciao
reimbursement conditions are for banks not for beneficiary.
This beneficiary is too invadent, specially if l/c is available by negotiation.
Other comments appreciated
Ciao