Dear sirs/madams.

1)As a commodity trader i am comming across new methods every day. The questions is do they have any body or do the mean any thing. take for instance a "Assignable LC" how can i transfer my buyers credit to the supplier without losing the added value or profits. In transferable Lc it is straight forward but these ambiguous words do confuse. Please advise.

2) Secondly "fully assured" and "fully funded" LC's. what do these achually mean and if they are in conjunction with, say "fully assured fully funded assignable lc" what are the implications for a middle man or a facilitator.

E.g the chain being: BUYER->------>(US)Facilitators->------->Supplier

Supplier price of product: Facilitator increases prices: Buyer recieves new Price offer.

Bottom line is do the above words in the lc mean anything and do they affect the transaction chain.