Letter of Credit Forum

" IRREVOCABLE, CONFIRMED, REVOLVING, TRANSFERABLE DLC 100% AT SIGHT "

Our seller is a trading house where they get the product from miller and resell back to our buyer.

The seller is asking for transferable LC.

Its 100% LC at sight that means payment will be cleared against documents stated in the LC only.

Is this safe method or can the seller can withdraw the amount anytime.

Please advice