A Payment Agreement Letter is simply a written commitment or a promissory note about the payment between two parties regarding some transaction or business dealings. The party paying a specific amount of money to another party for the articles received or the services rendered by the supplier is k...
recourse agreement (对分期付款的) 追索权协定 最低付款额度 minimum finance charge resale (进口商无力付款提货,只好在进口地点减价出售) 再出售 sitting position labor (古代一种接生法) 坐产 wandering practitioner (古代游走于民间的一种医生) 走方医 buying for ultimate consumption (即消费者的采购) 消费采...
in the event of the default of the Letter of Guarantee for Payment, including, but not limited to, all attorney and legal fees.This agreement in entered into voluntarily by the above-mentioned parties, and it is not to be replaced nor supplemented by any other payment agreement.Name: ___ ...
abracclets 正在翻译,请等待... [translate] aOn the terms of payment, we wish to point out in the letter of credit in all customer transactions to your usage, so we cannot be an exception for 在付款期限,我们在所有顾客交易希望在信用证指出到您的用法,因此我们不可能是例外为 [translate] ...
Letters of credit are used for international transactions to ensure that payments will be made. A letter of credit is an agreement that is issued by a bank, in which the bank agrees to ensure payment on behalf of the buyer, if the terms of the agreement between the buyer and ...
Standby letter of credit: Acts like an insurance policy for the seller. It guarantees payment if the buyer fails to uphold their end of the deal. Import letter of credit: An agreement between an importer and their local bank. The bank pledges to pay the seller or exporter with s...
1.Theformalagreementisvalidforthreeyears,fromthefirstdateofpayment.Anditispossible,attherequestofSTARCOM,toextendthesametermandclausesautomaticallytillthenextthreeyears. 2.ThecontractedvalueisUS$1million(freeoftax),andthemethodofpaymentisasfollows. 1)One-timepayment:US$0.5million($500,000)shallbepaidat...
understanding may outline stipulations for the operation of the business until the date that the business is sold. Both may also include a clause known as a drop-dead date. This is a point in time when the parties agree to discontinue negotiations if they haven't yet reached...
blank letter of credit 空白信用证 alter the letter of credit 修改信用证 commercial letter of credit 商业信用证 deferred payment of letter of credit 延期付款信用证 相似单词 agreement n. 1.[U] 同意,一致 2.[C] 协定,协议 3.[U]【语】(人称,性别,数,格的)一致(+with) letter n.[C]...
for negotiation must be strictly in conformity with the L/C.( ) Under L/C payment, the issuing bank will examine the goods to see whether they conform to the L/C or not.( ) When the issuing bank has made payment under confirmed L/C, it still has the right of recourse to the ...