Re: Please correct my texts Hi Petra,
Thank you for your correct.
1. My meaning of sign back - consent and signature the letter then return back to the bank
2. The receiving bank will notify the bank of origin once the LC is received. (Unless 'transferee' and 'transferor' are commonly understood terms in your industry, in which case you should use them.) - Yes, it is better for your sugguestion as 'transferee' and 'transferor' is not commonly
3. LC and TT - They are payment terms
LC = Letter of credit : We need send the document to bank after
shipment, draw the money via bank from customer
TT = Telegraphic Transfer
Regards
Zoe |