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Confirmation
Means a definite undertaking of the confirming bank, in addition to that of the Issuing bank. Confirmation could be added either upon instructions from an issuing or silently outside of the LC, being an agreement between the confirming bank and the Beneficiary.
_{This article was originally published in forum thread:

Confirmation
started by
Arvid Björkström} _{View original post}

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Recent Forum Posts (old)

Thanx Daria, I'll check this with the local guys...

Thanx Daria, I'll check this with the local guys and share my expericnce
Vadim
Vadim Gusev 1 Day Ago

Spam deleted - thx for the heads up!

Spam deleted - thx for the heads up!
Hakan Aldrin 1 Day Ago

Thx for the update!

Thx for the update!
Hakan Aldrin 1 Day Ago

Dear Vadim, as per my understanding the draft...

Dear Vadim,

as per my understanding the draft shall be distributed from ICC BPO working group to national committees of ICC in each respective country. So should you want to have a look you should...
Daria Avdeeva 1 Day Ago

Hi Daria Would you let me know what is the...

Hi Daria
Would you let me know what is the expected audience the draft to be distributed to? I personally would like to have a draft to understand how ICC is treating BPO.
Rgds,
Vadim
Vadim Gusev 1 Day Ago

This above 'spam' scam posting needs deleting. ...

This above 'spam' scam posting needs deleting. (It is a scam posting as one simply cannot 'lease' a SBLC/BG or LC; this is simply the language of fraudsters and -occasionally- their unwittng dupes.)
Mr. Smith 2 Days Ago

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Hei, Håkan,

the latest update I have received last week at the ICC Global Conference is that BPO's working group has met last time in Doha, Qatar in March this year. The preliminary draft for...
Daria Avdeeva 2 Days Ago