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welcome to understanding and using transferable letter of credit in this module we will learn what is a transferable letter of credit how does a transferable letter of credit work and some common questions related to the transfer of a letter of credit in a normal letter of credit or also known as credit operation we usually find two parties the issuing bank and the beneficiary under this Arrangement only the stated beneficiary can make presentation under the credit as the undertaking of the issuing Bank crons to the beneficiary only now imagine Rax BLC is a trading business from Singapore they Supply garments to different parts of the world they do not have any manufacturing factories of Their Own however they have more than 100 manufacturers Comm suppliers worldwide Rex PLC receives orders in the form of Elsie and the suppliers of racks also want telsi for order confirmation however the suppliers of racks cannot present documents under the LCS received by racks because Rax is the ben