Assertion: letter | /r/HasProperty | transferable
Facets:
value: in some cases
type: OTHER
value: with the consent of the applicant
type: OTHER
Source sentences:
text: A letter of credit can be transferred to the second beneficiary at the request of the first beneficiary only if it expressly states that the letter of credit is "transferable".
text: Unlike a bill of exchange, a letter of credit is a nonnegotiable instrument but may be transferable with the consent of the applicant.
text: In some cases, letters of credit are also transferable, meaning that the beneficiary has the right to assign the right to draw to another entity (such as a corporate parent or even a third party).