There is nothing in the regulations of the UCP 600 or the ISBP 98 that prohibit the issuance of a letter of credit with the buyer and the seller in the same country. We do it all the time in the US.
You should, however, check your local regulations to ensure that this practice is acceptable.
Domestic Letters of Credit
Hello vuslat,
There is nothing in the regulations of the UCP 600 or the ISBP 98 that prohibit the issuance of a letter of credit with the buyer and the seller in the same country. We do it all the time in the US.
You should, however, check your local regulations to ensure that this practice is acceptable.
Best regards,
LC Sam