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Letter of credit is given by?

Updated: 8/16/2019
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15y ago

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Exporter/exporter's bank

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Q: Letter of credit is given by?
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What is bank letter of credit?

A bank letter of credit is a type of document issued by financial institution to assure the seller the payment of goods or services given that certain documents have been presented to the bank.


What is a bank letter of credit?

A bank letter of credit is a type of document issued by financial institution to assure the seller the payment of goods or services given that certain documents have been presented to the bank.


How is opening letter of credit different from establishing letter of credit?

Both has same meaning, opening letter of credit establishing letter of credit once letter of credit is opened, credit is established.


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A Stand by Letter of Credit is usually given by banks or financial institutions to vouch on the integrity of a seller and purchaser, acting as an intermediary. The buy and sell agreement is made between the two parties that both must uphold their part.


What is a commodities letter of credit?

It is a Letter of Credit covering commodities.


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Who was given credit for leading the first Chicano youth conference in 1968?

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