How Many Times Can A Letter Of Credit (lc) Can Be Amended?

1.	How Many Times Can A Letter Of Credit (lc) Can Be Amended?
Answer» None of the existing applicable ICC PUBLISHED RULES (UCP 600, URDG 758, ISP 98) limit the number of amendments to which an LC can be amended. That said, it is often difficult to examine documents against LCs with multiple amendments, and ESPECIALLY when beneficiaries do not communicate which amendments are accepted. None of the existing applicable ICC published rules (UCP 600, URDG 758, ISP 98) limit the number of amendments to which an LC can be amended. That said, it is often difficult to examine documents against LCs with multiple amendments, and especially when beneficiaries do not communicate which amendments are accepted.

Answer»

None of the existing applicable ICC PUBLISHED RULES (UCP 600, URDG 758, ISP 98) limit the number of amendments to which an LC can be amended. That said, it is often difficult to examine documents against LCs with multiple amendments, and ESPECIALLY when beneficiaries do not communicate which amendments are accepted.

None of the existing applicable ICC published rules (UCP 600, URDG 758, ISP 98) limit the number of amendments to which an LC can be amended. That said, it is often difficult to examine documents against LCs with multiple amendments, and especially when beneficiaries do not communicate which amendments are accepted.

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