It is the continuous management of L/C opening/ amendment which is not transferrable L/C. This service allows customers or exporters / beneficiary as stipulated on the L/C to transfer the right of payment by L/C to transferee or manufacturer.

Service Features

The right to transfer payment by L/C is the transfer of payment as indicated on L/C, not the L/C itself (since L/C is not transferable), which is another way for manufacturers or distributors to pay for their products. This way, exporters need not to open Back to Back L/C or D.L/C for the manufacturers.

The transferors (customers / beneficiary by L/C) who transfer the right to payment by L/C have to notify the bank the transferred amount. After such payment according to the L/C document is complete, we will pay the amount stated in the L/C to the transferees.

Type of Service

A service provides customers the fast and convenient for making a payment by Transferable L/C without Back to Back L/C or D.L/C when ordering products from manufacturer.
The right to transfer L/C payment can be transfer partially or as a whole

Service Objectives

To provide convenience for customers (exporters / beneficiary indicated by L/C), whose L/C is not stated as “Transferable”, to transfer the L/C to the transferee without having L/C amendment or opening from the transferor