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Standby letter of credit?

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The Standby letter of credit serves as a secondary payment mechanism. A bank will issue a standby letter of credit on behalf of a customer to provide assurance of his ability to perform under the terms of a contract between the beneficiary
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What is the terminology CFR in a letter of credit?

C&F Terms of Sale, or INCOTERMS.   Obsolete, albeit heavily used, term of sale meaning "cargo and freight" whereby Seller pays for cost of goods and freight charges up to d

What does it means of confirmed letter of credit?

  Answer   Confirmed A confirmed letter of credit is when a second guarantee is added to the document by another bank. The advising bank, the branch or the correspo

What is Journal entries for letter of credit?

A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment

What does civil standby mean?

A civil standby is a case in which a police officer will "stand by" in order to ensure that the law isn't broken. For example: if you are serving papers to appear in court on

All the clauses of letter of credit?

Banking organizations usually write letter of credit. The purpose of the letter of credit is so that you don't have to put down a deposit. This deposit could be for an electri

What is a standby contract?

A Standby Contract is an agreement put in place prior to an event that establishes what the price of the resource was the day before the emergency event occurred.

What is the difference between restart and standby?

Restarting means the computer will power down, turn off, and start up again. Standby means it saves your current windows you have opened to its hard drive and turns off. Then
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What does the atc term standby mean?

STAND BY-Means the controller or pilot must pause for a few seconds, usually to attend to other duties of a higher priority. Also means to wait as in "stand by for clearance."