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Can L/C Be Forfeited Before Shipment Has Been Done

Posted: Mon Nov 09, 2015 2:03 pm
by MIA19
Dear all,
can l/c be forfaited before shipment has been done, as sort of pre-shipment financing

Forfaiting before shipment

Posted: Thu Nov 19, 2015 5:47 pm
by nraajesh
Hello Mia,

Definitely possible. Different banks have different internal policies to perform such process.

Regards,

Rajesh

FORFAIT

Posted: Tue Nov 24, 2015 1:32 pm
by MIA19
But isn't the forfait by definition buying of receivables without recourse?