in trust basis?
Posted: Mon Jun 22, 2009 12:15 am
Hi friends,
.
We received LC docs from confirming bank, saying on its covering letter "we send docs in trust basis, pls authorize us to reimburse and do not deliver docs to applicant if not accepted".
.
I haven't heard before "in trust basis" but considered docs sent for approval. İs this term used for LCs and ha similar meaning?
.
Regards
.
We received LC docs from confirming bank, saying on its covering letter "we send docs in trust basis, pls authorize us to reimburse and do not deliver docs to applicant if not accepted".
.
I haven't heard before "in trust basis" but considered docs sent for approval. İs this term used for LCs and ha similar meaning?
.
Regards