transferable credit

This Letter of Credit is transferable in China only, in the event of a transfer, a letter from the first beneficiary must accompany the documents for negotiation.

本信用证仅允许在中国转让，如有转让，第一受益人须有书面转让文书连同单据一起议付。

This credit is transferable only to a second Beneficiary in the same country.

本信用证转让仅限同一国境转让给第二受益人.

First beneficiary of a transferable credit

可转让信用证的第一受益人

A transferable credit may be made available in whole or in part to another beneficiary(" second beneficiary") at the request of the beneficiary(" first beneficiary").

可转让信用证可应受益人（第一受益人）的要求转为全部或部分由另一受益人（第二受益人）兑用。

This standby letter of credit is neither assignable nor transferable.

本信用证既不可分配也不可转让.