Why is it taking so long to obtain a Confirmed Letter of Credit?

2018-03-12T17:56:18+00:00March 1st, 2013|

Some important changes appear to be taking place regarding banks in the UK adding their confirmation to Letters of Credit issued by overseas correspondent banks. Traditionally, the decision on whether a UK bank would add confirmation to an incoming Letter of Credit has been based on a number of factors including requisite SWIFT key arrangements [...]