国际结算——信用证.pptVIP

6.2 Irrevocable Confirmed documentary and Irrevocable Documentary Credit Irrevocable Confirmed documentary Under the demand and authorize of issuing bank, a confirmation is added to an irrevocable credit by another bank, the confirming bank will undertake payment, if the delivered document are conformed with the terms of L/C before expiry date Confirming bank: Independent principal Not the correspond bank of issuing bank primary obligation Advantages:“An Irrevocable Confirmed Credit gives the beneficiary a double assurance of payment” Disadvantages: The issuing bank should delive