
            <p>
          </p><ul>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">This field contains confirmation instructions for the Receiver.</font></li>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.</font></li>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules confirming bank means the bank that adds its confirmation to a credit upon the issuing bank's authorization or request. As a result banks can not add their confirmations to the letter of credit without having a confirmation request by the issuing banks.</font></li>
<li style="line-height:2.00;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules a confirming bank is irrevocably bound to honour or negotiate as of the time it adds its confirmation to the credit.</font></li>

</ul>


        <p></p>
        <h3>Sample Field 49: Confirmation Instructions</h3>
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