Assignment of Proceeds from Letter of Credit

Responds to exporters who require sourcing of goods from domestic manufacturers.

If you arrange exports from domestic producers to an overseas customer but do not manufacture or own the goods this service is a convenient way to arrange payments. Even though the L/C is not described as transferable, the beneficiary may request Bangkok Bank to assign the proceeds under the L/C to the assignee. All the rights under the L/C still belong to the beneficiary.