Letter of credit issues

Forums Index > Payment Modes & Finance Issues > Letter Of Credit Issues

TOPIC : Letter Of Credit Issues

Posted on 04 July 2007 at 12:37:00

I HAVE HEARD FORGED DOCUMENTS ARE SUBMITTED TO ENCASH AT THE CONFIRMING BANKS WITHOUR REFFERING TO ISSUING BANKS. WHAT IS THE OBLIGATION OF CONFIRMING BANK?
HOW TO CONFINE CONFIRMING WITH ISSUING BANK BEFORE RELEASING THE MONEY?

Mr. Jeeva Arumanathan

NVS (M) SDN BHD

Director, NVS (M) SDN BHD
Shah Alam, Malaysia

Free Member, Joined :09/12/2001
No of Topics Posted : 1
Reply/Comments : 0

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