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maturity pmt of ussance letter of credit

Posted: Fri Mar 27, 2020 3:11 pm
by bhagu
hi guys
during this pandemic of corona almost everywhere is lock down and there is no foreign transaction also in this scenario what will happen to maturity payment of ussance LC.

Re: maturity pmt of ussance letter of credit

Posted: Sun Dec 06, 2020 6:19 pm
by TaiOanlan
I had experience on this situation.
L/C Issuing bank sent to us(negotiation/nominated bank) asking for tenor extension as well as L/C amendment for amending tenor.

Regards,