Letters of credit are one of the most commonly used trade finance instruments, and they are a great way to increase security and mitigate risk during a trade transaction.
transferable letters of credit are useful when there are multiple parties involved in a transaction. These different types of letters of credit can be used depending on the specific circumstances of the trade to promote
14th century, in the meaning definedabove Time Traveler The first known use ofletter of credencewas in the 14th century See more words from the same century Dictionary Entries Nearletter of credence letter of advice letter of credence letter of credit ...
European Letters of Creditshall have the meaning set forth in Section --- 2.9 hereof. Sample 1 European Letters of Creditmeans thosecertain standby letters of creditissued bythe EuropeanLetter of Credit Bankforthe accountofthe Borrowersto securerepayment of loansmade by KBC to theEuropean Borrowers...
There are several critical features of documentary credits/letters of credit: Irrevocability: documentary credits constitute an irrevocable undertaking of the issuer to pay, meaning that, once issued, the credit cannot be revoked or changed by the issuing bank. A credit can only be amended or can...
letters of credit信用证;信用状 man of letters作家,学者 republic of letters文坛,文学界 letters patentn. 专利特许证 letters同义词 n. 字母;书信;读者投书栏(letter的复数) epistles,alphabets letters词源中文解释 "写作或文学的职业",公元13世纪中期,来自 letter(名词)的复数形式; 就像拉丁语、法语一样。17...
Multicurrency Letters of Credit has the meaning specified in Section 2.01(b). Sample 1Sample 2Sample 3 Based on 9 documents SaveCopy Examples of Multicurrency Letters of Credit in a sentence Each payment in respect of Reimbursement Obligations in respect of any Multicurrency Letter of Credit shall...
The meaning of LETTER is a symbol usually written or printed representing a speech sound and constituting a unit of an alphabet. How to use letter in a sentence.
LettersofCredit CIPShasformulatedpositionsonlettersofcreditasthismethodofpayment isincreasinglycommonduetotheincreaseinglobalsourcing.Lettersof creditarepartoftheprocurementprocessininternationaltradeandshould befamiliartopurchasingandsupplymanagementprofessionalsalongwith ...
103 We usually make payment by letters of credit or( )some other modes of payment such as immediate payment, deferred payment and payment by installments. A.adapt B.adopt C.take up D.take 免费查看参考答案及解析 题目: The underpned letters in the following words have the same sound ...