Assignment of Proceeds under Letter of Credit

In case L/C does not mark “Transferable” or manufacturers do not wish to follow requirements in L/C, Krungsri can assure and facilitate payment for exporters as intermediaries.

Service

Krungsri provides Assignment of Proceeds under L/C service to third parties according to instructions of the beneficiary in L/C. Krungsri will transfer only the right to receive payment according to L/C whereas the right to take actions under L/C conditions remains with exporters or beneficiaries specified in L/C.

Benefits

Enhance confidence and facilitate payment for your company and suppliers (Assignee). After receiving payment from your overseas buyers, Krungsri will assign the proceeds to your suppliers according to your previous instructions.

Assignment of Proceeds under Letter of Credit