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Dual Currency Letter of Credit

Posted: Sat Mar 28, 2015 6:53 pm
by Westley
Is it possible to issue a Letter of Credit with two amounts, each of them in a unique currency.

All is possible...

Posted: Sun Mar 29, 2015 5:00 pm
by picant
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

DUAL CURRENCY LC

Posted: Mon Mar 30, 2015 11:08 pm
by hardy2175
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.