The product is especially useful for import-export brokerage (the first beneficiary).
Customers do not need credit limit when issuing transferable L/C in favor of the second beneficiary.
L/C is defined as Irrevocable Transferable.
Eximbank is nominated to be the transfering bank in L/C (Transferring Bank as Eximbank).
The first beneficiary of L/C is Eximbank's customer.