Where an original credit allows for the transferred credit to also be transferred, this increases the number of parties involved (and the inherent risks of not knowing the parties, with possible fraud implications); the number of substitutions of documents that may need to occur and delays in the issuing bank receiving the documents following each presentation, each of which will entail: examination thereof; substitution thereunder; honour or negotiation; and sending of documents to the next bank in the chain. Whilst, in most countries, it is not common for an original credit to allow the transferred credit to be transferred it can often occur under standby letters of credit.

基于1个网页-相关网页