Can a Transferable L/C be split to both broker and supplier. or how would it be done..?
Post 1 of 2
Hi i was wondering is it posible to split a transferable Irevocable L/c to both broker and supplier without buyer knowing how much broker is making? and when i mean split i mean broker get $20 and Seller gets $400 ... if not how would i be able to do this so i could get the money throu l/c without depending on seller or buyer paying me commison.
yes the seller is providing a performance bond to the Buyer,
yes the seller is providing a performance bond to the Buyer,
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23 Feb 2009 20:47
Post 2 of 2
A back to back operations is much more practical in this case. Under transferable, the end seller would know the price stated on the LC.
27 Apr 2009 05:45
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