Issuing Letter of Assignment

The exporter, requests the bank to issue a letter of assignment to confirm transfer of all his rights to another supplier or seller in case fails to supply and export the goods. In this respect, the bank arranges for issuing a letter of assignment in favour of the second seller or
 supplier after investigation and obtaining relative commissions. In this confirmation, the exporter assigns his rights to others in respect of all or part of the LC.
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