Transferable Letter of Credit (MT700) – Power Multi-Party Trade with Confidence
Ensure Secure & Reliable Global Trade Payments | 100+ LC-Secured Projects | Global SWIFT Bank Network Connected
📌 Unlock Global Trade Opportunities with a Transferable Letter of Credit (MT700)
⚠️ Have You Lost a Deal Due to Lack of Payment Guarantees?
Recently, a trader lost access to a $1.5M contract because their supplier required upfront payment. With NNRV’s Transferable LC, the deal was saved in 72 hours by securing both ends of the transaction.
🧠 « Without NNRV’s Transferable LC, I would’ve lost both buyer and supplier. Their structure saved my business. »
📌 What is a Transferable Letter of Credit?
A Transferable Letter of Credit (MT700) is a trade finance instrument that enables the first beneficiary (usually a trading company, broker, or wholesaler) to transfer all or part of the LC value to one or more second beneficiaries (e.g., suppliers, manufacturers). It facilitates multi-party trade without requiring upfront capital from the intermediary.
At NNRV Trade Partners, we structure Transferable LCs through top-tier SWIFT-enabled banks, ensuring full compliance with ICC UCP 600 standards.
✅ Multi-Level Trade Facilitation: Traders can secure a deal with a buyer and transfer the LC to their supplier.
✅ Risk Mitigation: Ensures secure payments across multiple parties in the trade cycle.
✅ Partial & Full Transfers: The LC can be transferred entirely or in fractions, making it ideal for businesses sourcing from multiple suppliers.
✅ Compliant with UCP 600: Governed by international trade finance regulations for maximum security.
🧠 “With NNRV’s support, we transferred LCs to 3 suppliers under one deal. The process was smooth and fast.” — Rami T., Agro Trader – MENA/EU
🔹 How Does a Transferable LC Work?
1️⃣ Buyer Issues LC: The importer’s bank issues a Transferable LC (MT700) in favor of the first beneficiary (trader).
2️⃣ Trader Requests Transfer: The first beneficiary (trader) transfers part or full LC to their supplier (second beneficiary).
3️⃣ Supplier Ships Goods: The second beneficiary ships the goods directly to the buyer, presenting shipping documents.
4️⃣ Documents Verified & Payment Released: The issuing bank confirms document compliance and releases funds accordingly.
5️⃣ Trader Receives Remaining Funds (if applicable): If a price markup exists, the difference or remaining margin is paid to the first beneficiary.
📄 Key Features of a Transferable LC
🔹 Partial Transfers Allowed: Transferable LCs can be split among multiple suppliers.
🔹 Flexible Payment Structure: The first beneficiary can modify prices details before transferring.
🔹 Used by Intermediaries: Traders, brokers, and wholesalers benefit from this instrument without requiring large upfront capital.
🔹 Boosts Supplier Trust: Guarantees that suppliers receive secure payments, boosting global trade confidence.
🔍 Industries That Benefit from Transferable LCs
✔ Trading Companies – Facilitates multi-party international trade.
✔ Commodity Brokers – Helps brokers fulfill buyer contracts efficiently.
✔ Manufacturing & Distribution – Ensures smooth supply chain financing.
✔ Wholesale Businesses – Enables bulk purchasing with reliable supplier payments.
📄 Required Documents for Transferable LC Issuance
✔ Proforma Invoice / Sales Contract – Defines transaction details & LC terms.
✔ Commercial Invoice – Details the shipment and trade agreement.
✔ Bill of Lading / Airway Bill – Confirms shipment dispatch and delivery.
✔ Packing List – Itemized list of goods shipped.
✔ Inspection Certificate – Ensures product compliance before payment.
✔ Insurance Certificate – Required for high-value shipments.
🏦 Partner Banks & Financial Institutions for Transferable LC (MT700)
At NNRV Trade Partners, we collaborate with top-tier international banks for secure LC issuance tailored to your business needs.
🔹Below is a table with all relevant details our Partner Banks:
| Bank Name | SWIFT Code | Advantages | Disadvantages | Issuance Fees | Issuance Time | Min. Transaction | Region |
|---|---|---|---|---|---|---|---|
| Bank of China | BKCHCNBJ | Strong for China trade, secure LC routing | Less flexible on clauses | 0.5% – 7% | 2–6 days | $1M | Asia |
| Standard Chartered (Dubai) | SCBLAEAD | Excellent for cross-border & emerging markets | Longer compliance process | 0.5% – 7% | 2–6 days | $500K | Global |
| Exim Bank Tanzania | EXTNTZTZ | African regional strength, reliable access | May require manual follow-up | 0.5% – 7% | 2–6 days | $250K | Africa |
| MauBank (Mauritius) | MPCBMUMU | Offshore structure, flexibility in issuance | Less global exposure | 0.5% – 6% | 2–5 days | $250K | Offshore |
| ABC Banking Corporation | ABCKMUMU | Tailored SME trade support | Niche recognition | 0.5% – 6% | 2–5 days | $250K | Offshore |
| Access Bank Kenya | ABNGKENA | Reliable for East African trade | Limited global network | 0.5% – 7% | 2–5 days | $250K | Africa |
| Dashen Bank (Ethiopia) | DASHTEAA | Preferred for Ethiopia-origin exports | May experience procedural delays | 0.5% – 7% | 3–6 days | $250K | Africa |
📩 Other banks available upon request depending on your project scope and region.
📢 All transactions comply with ICC’s UCP 600 trade finance standards.
🎯 Why Use a Transferable LC?
| 🔒 Feature | ✅ Benefit |
|---|---|
| Partial or Full Transfer Option | Flexibility for multiple suppliers |
| First Beneficiary Margin Control | Modify pricing and retain profit |
| No Need for Prepayment | Reduce upfront capital needs |
| Secure Chain of Payment | Payment against verified documents |
| UCP 600 Compliant | Legal protection and global recognition |
🛠️ Our 5-Step LC Issuance Process
Submit Your Trade Documents – Including invoice, contract, beneficiary details
LC Structuring & Draft Creation – We design the LC with transfer clauses
Transfer Mechanism Review – You approve full/partial transfer structure
Fee Payment & SWIFT Processing – Secure transmission to issuing bank
LC Issued and Transfer Enabled – All parties are protected
💬 “We used a single LC to secure goods from 3 countries. NNRV handled the structure flawlessly.” – H. Traoré, Multi-Supplier Importer – West Africa
🔍 Transferable LC vs Other Trade Instruments
| Instrument | Use Case | Transferability | Seller Protection |
|---|---|---|---|
| Transferable LC | Multi-supplier trades | ✅ Yes – Partial/full | 🔒🔒🔒🔒 |
| Confirmed LC | Risky buyer or country | ❌ No | 🔒🔒🔒🔒🔒 |
| SBLC | Backup guarantee only | ❌ No | 🔒🔒 |
| Bank Guarantee | Construction, lease, tenders | ❌ No | 🔒🔒🔒 |
💡 Why Choose NNRV Trade Partners?
✔️ Structuring Experts in Multi-Supplier Trades
✔️ Access to Global & Regional Banks
✔️ Custom LC Drafts with Transfer Clauses
✔️ “Accepted or Refunded” Guarantee
✔️ Certified UCP 600 Compliance
✔️ SWIFT Delivery within 48–72h (Post-approval)
📌 Transferable LC transactions from $250K to $100M+
💡 Why Choose NNRV Trade Partners for Your Transferable LC?
🔹 Expert Guidance: Decades of experience in structured finance & risk management.
🔹 End-to-End Support: From LC issuance to final payment settlement.
🔹 Global Banking Network: Trusted partnerships with top financial institutions & trade banks.
🔹 Fast Processing Turnaround: Streamlined documentation & quick approvals.
🔹 Customizable Terms: Tailored LC solutions clauses based on your business structure for complex trades.
💲 Fees & Structuring Notes
LC fees vary by:
Number of transfers requested
Value of the LC
Jurisdiction & compliance burden
Bank’s internal policies
🔹 For precise terms and fees, contact our LC advisors.
🧠 Real Testimonials
“NNRV helped us issue a $3.2M Transferable LC split between 4 suppliers in Asia.”
B. Oumar, Trading Company – UAE
“We’ve built our business on Transferable LCs. NNRV is our #1 partner for smooth structuring.”
Estelle M., Europe–Africa Broker
❓ Top 5 FAQs – Answered by Experts
1. Can I modify price or documents when transferring the LC?
Yes. Certain non-financial elements can be adjusted by the first beneficiary.
2. Can the LC be transferred to more than one supplier?
Yes, Transferable LCs support partial transfers to multiple parties.
3. Who approves the transfer?
The nominated or issuing bank must approve and execute the transfer upon request.
4. Are Transferable LCs accepted worldwide?
Yes, when structured under UCP 600 and sent via SWIFT MT700.
5. Can a second beneficiary re-transfer the LC?
No. A Transferable LC can only be transferred once.
🔗 Related Services
Front-to-Back LC Structuring
📖 Strategic Blog Posts
How Traders Use Transferable LCs to Leverage Suppliers
Transferable vs Back-to-Back LC: Which One to Choose?
Case Study: How a Broker Scaled to $5M With LC Transfers
🚀 Get Your Transferable LC Today
Multiply your trade opportunities, secure your suppliers, and grow globally with a Transferable Letter of Credit (MT700) from NNRV Trade Partners.
📩 Book Your Free Pre-Diagnosis Today
☎️ Talk to an Expert | 🌍 Trusted in 40+ Countries | ✅ $250K to $100M+ Issuance.