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I buy scrap metals. Can anyone tell me why someone would want a Letter of credit to be as follows?


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Old 06-14-2008, 01:35 AM
John John is offline
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Default I buy scrap metals. Can anyone tell me why someone would want a Letter of credit to be as follows?

I have many sellers in the U.S. Wanting a Confirmed, assigned, irrevocable, transferrable L.C., compared to just a standard L/C? I have a buyers in Asia that agrees to everything but a tranferrable Letter of Credit. Can anyone tell me why?
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