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Is the drawee banker require the acceptance of applicant for payment of sight LC?
no
Calculation of lc confirmation charges?
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
What are the examples where drawer and drawee are the same?
There really isnÕt a big difference between a drawer and drawee. A drawer is a person that draws out the money and a drawee is the person who will be receiving the money.
Will the applicant bank make payment to the beneficiary bank for non delivery using the after sight LC?
according to a HSBC bank officer in China, he said the applicant must make payment even if the seller does not deliver the goods, for using the after sight 90 days LC....I do npt agree because what is the point of having UCP600/ICC ? if there is no govern body to safeguard the applicant ?
Are LC circuits and tuned circuits same thing?
a "LC circuit at resonance" and tuned circuits are the same
What is a drawee?
drawee is a person in whose favor a bill is drawn.
What do you call the Bank on which a check is drawn?
Drawee Bank
What is drawee?
drawee is a person in whose favor a bill is drawn.
Who is the drawee of a check?
The drawee is the bank which will pay the check on behalf of the maker, who wrote the check.
Meaning of drawer and drawee of cheque?
The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE). Drawer and payee can be the same person if it is a self cheque.
What does LC stand for in LC connector?
LC stands for Lucent Connectors
Why used deferred lC?
Deferred LC is very usefull for both importers and exporters. 1-Importer does not hav to pay in-advance when uses deferred lc 2-but exporter guarantees that he will get the payment in a certain time after shipment and also if he wants he can discount in on the same day or on any days when the LC is booked. 3- deferred LC helps to the buyer who does not have cash but has credit in his bank 4- deferred LC helps to the seller, so he does not have to look for a buyer who has only cash money.He can discount the LC with a very low cost anytime.
