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LC confrmation charges is the charges paid to confirmation bank and born by the applicant, normally a confirmaton bank is bank which give the payment on the presentation of documents by applicant,s bank
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∙ 14y ago
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What does LC mean?
lc = learning centre
When negative external confirmation should be used?
If the question is about corporate communications: 1. Contradict untrue charges or claims against the company. 2. Point out things that are wrong and need correction. If this is about an audit confirmation, a negative confirmation means that no response is taken as a "no problem". Such a confirmation might say,"If this account balance is correct, no action in needed. If it is in error, please report..." This technique may be used to test balances held by or due to external parties.
Can third party open LC on seller on behalf of buyer what is the procedure?
A third party can open the LC on the seller. This part of the transaction must be done on behalf of the buyer.
Parties and their rights and responsibilities of a letter of credit?
All parties dealing with an LC are dealing only with documents not with goods & services.it is exporter's duty to ship the goods as per the LC and submit the documents within the stipulated time for negotiation.
What is a SWIFT MT301?
I don't think an MT301 exists. An MT300 is an FX Confirmation and an MT103 is a confirmation for making a payment.
Who bears the LC confirmation charges Buyer or Seller?
It entirely depends on trade ! but in genral buyers bears the confirmation charges
Who bears LC advising charges importer or exporter?
Exporter
What kind of export services do banks offer under corporate banking?
As part of supply chain solutions most banks offer export services. Under these services, you can benefit from LC Advising, LC Confirmation, Transfer of LC, Export Collection and Export Finance. The banks basically help businesses mitigate their risks and allow them to focus on expanding business.
Can the confirmation levels in a lab drug test be higher than an instant drug test?
THC (weed) concentration for:Lab (IMMUNOASSAY) , instant drug test - 50ng/mlLab confirmation test(GC/MS or LC/MS/MS)- 15ng/ml
What does LC stand for in LC connector?
LC stands for Lucent Connectors
What is a Usanse LC?
LC for 30,60,90,or 120 days is called Usanse LC
What is a LC opening?
what is lc opening?
What does LC mean?
lc = learning centre
Difference between Export LC and import lc?
An import LC is one made with reference to the buyer but with an export LC, the LC is changed to that with reference to the Issuing bank. This gives a stronger guarantee of payment to the seller.
What exactly means by LC?
LC is Letter of credit
WHEN IS LC REQUIRED?
What do you mean by the term LC and when it is used
What does USPS charge for delivery confirmation on a package?
USPS charges 90 cents for delivery confirmation per package. As little as 3 years ago this price was 70 cents, so it has seen a remarkable price inflation.
