Hi I was wondering how does a back to back lc relate to 2% performance bonds...I am not quite familiar with the topic but from my understanding an ultiamte seller usually gives a 2% performance bond to an intermideatery before the interm. issues an lc. Yet an intermid. should give a 2% pb to an ultimate buyer before it is issued with a master lc. how does it all work?
Anonymous User
Asked Mar 16, 2013
0