Article 30 requires correction in the video. If the word "About" or "Approximate" is mentioned on the Amount of the L/C, or on Total Quantity or on Unit Price, then only the (+10% / - 10%) is applicable on the Amount, the Quantity & the Unit price as mentioned in the L/C. Otherwise this will not be taken into consideration. And Transferable L/C is of two types that is 1). Full Transfer of L/c to 2nd Beneficiary & 2). With Substitution clause, where the 1st Beneficiary can substitute the documents as received from the 2nd Beneficiary of the L/C transaction.
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