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frank
Frank
Frank
Bench
close
It means, bank can only contact through mails not over phone.
bank,rank and tank
bank sank
fish tank
Dank barges?
T.V., peewee
ConfirmedA confirmed letter of credit is when a second guarantee is added to the document by another bank. The advising bank, the branch or the correspondent through which the issuing bank routes the letter of credit, adds its undertaking and commitment to pay to the letter of credit. This confirmation means that the seller/beneficiary may also look to the credit worthiness of the confirming bank for payment assurance. UnconfirmedAn unconfirmed letter of credit is when the document bears the guarantee of the issuing bank alone. The advising bank merely informs the exporter of the terms and conditions of the letter of credit, without adding its obligation to pay. The exporter assumes the payment risk of the issuing bank, which is typically located in a foreign country. Best regards PMB
A lot, bank shot, bell cot
Answer this question...it is a contractual promise issued by a bank. it is use as a means for payment in international trade
When writing a letter to a bank manager, the format should be business formal. This means it includes the date; name, title, and address of the manager; formal salutation; body; and formal closing such as "Sincerely" or "Regards."