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Q: What is Facility of payment provision?

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bout ye

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The loss payee clause is part of the contract that states that of payment is made under the policy in relation to the insured risk, payment will be made to a third party. The payment will not go to the insured beneficiary of the policy.

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ownership of goods does not change hands until full payment has been received

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hold harmless

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they can talk about your credit card number in the back of a bookstore and copy your number.

It can be:

Revocable Credit

Irrevocable Credit

Confirmed Credit

Payment Credit

Negotiation Credit

Deferred Payment Credit

Acceptance Credit

Back-to-Back Credit

Transferable Credit

Red Clause Credit

Green Clause Credit

Packing Credit

Standby Credit

Revolving Credit

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