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Who bears the L/C opening cost and other related charges?

April 26, 2017bears Charges COST l opening

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Who bears the L/C opening cost and other related charges?

1 Answer

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Posted

It is absolutely your discretion. You can bear the cost and make payment of the charges or all incidental expenses, financial expenses and bank charges shall constitute the acquisition cost of the asset to be leased to you and would be capitalized at the time of execution.