transferable credit

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.

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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。

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This standby letter of credit is neither assignable nor transferable.

本信用证既不可分配也不可转让.

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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。

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First beneficiary of a transferable credit

可转让信用证的第一受益人

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