Tag Archives: Letter of credit

Difference between Red Clause LC and Green Clause LC

Red Clause LC and Green Clause LC What is Red Clause LC? A Red Clause LC is a documentary credit with a special clause incorporated in it, authorizing the advising bank or the conforming bank to make advances to the beneficiary before presentation of documents stipulated therein. It will have the following information. Green Clause LC What is Green Clause LC? This clause… Read More »