2.3.1 Introduction
This Product is used to book the Outgoing Documentary Sight Bills under LC on Negotiation, for both Credit Compliant & Discrepant Document Submitted by the Exporter. This Product can be used for even Remitting Proceeds from the Reimbursing Bank through Reimbursement Claim. Negative Interest is allowed for this Product. When a LC is transferred with Allow substitution the bill under transferred type of LC can be linked to the Export BC contracts under this products.
Parent topic: Product Code - ESUN