1.3 Operations supported on LC

  • Open an import LC or guarantee
  • Open and confirm an import LC
  • Pre-advice an export LC
  • Advice an export LC
  • Advice and confirm an export LC
  • Confirm an export LC
  • Advice a guarantee
  • Import LC with pre-advice
Thus, your bank can perform one of the following roles:
  • The issuing (opening) bank for an import LC or guarantee
  • The advising bank or for an export LC
  • The confirming bank for an export LC
In addition to amendment of the terms of an LC such as the expiry date, the amount, the latest shipment date, etc., you can amend the operation on an LC as follows:
  • Open to open and confirm of an import LC
  • Pre-advice to advice of an export LC
  • Pre-advice to advice and confirm an export LC
  • Advice to advice and confirm an export LC
Appropriate messages, advices, and covering letters are generated for these operations. These are listed in an annexure in this manual. The SWIFT messages generated for the different types of LC are listed in this topic.