This serves as succeeding service of notification service for L/C opening and amendment where the L/C is transferable and the sellers or beneficiaries under L/C (First Beneficiary) require to transfer L/C to other exporters (Second Beneficiary)

Service Objectives

To provide customers (sellers / beneficiary under L/C) the fast and convenient L/C transfer service to the second beneficiary

Applicants’ Qualifications

• Being customers (beneficiary by L/C / seller) whose business are international export
• Being or not being customer of the bank is also available

Service Terms / Conditions

• L/C Transfer Application, under the terms and conditions of L/C service without being contrary to the UCP600 regulation, will be submitted to the bank by customers/ beneficiary
• L/C of the first beneficiary will be identified with “Transferable”
• Not the L/C with Partial Shipment in case of assigning the second beneficiary