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Risk invilved in Back to Back L/C
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∙ 10y ago
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Is this possible to open a Letter of credit opened in one country and import doing in another country by using the same letter of credit?
the letter of credit is opened only for one business with a certain amount
If you open an irrevocable Letter of credit and the supplier does not supply you with the goods that you ordered specifically can you cancel the letter of credit prior to shipment of goods?
You can't cancel the letter of credit without the permission of the beneficiary, if the L/C is irrevocable.
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
How does one open a line of credit?
The easiest line of credit to open is a credit card. There are many credit cards who, for higher fees and interest rates, specifically target people with poor or no credit. Otherwise, if you open a line of credit with your bank (i.e. get a loan) you have to prove financial stability, and dependability.
What is another name for open-end credit?
Revolving credit
Is this possible to open a Letter of credit opened in one country and import doing in another country by using the same letter of credit?
the letter of credit is opened only for one business with a certain amount
If you open an irrevocable Letter of credit and the supplier does not supply you with the goods that you ordered specifically can you cancel the letter of credit prior to shipment of goods?
You can't cancel the letter of credit without the permission of the beneficiary, if the L/C is irrevocable.
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
What are some types of letter of credit?
Documentary letter of credit, open letter of credit, confirmed letter of credit,unconfirmed letter of credit, revolving letter of credit, fixed letter of credit,transferable letter of credit,nontransferable letter of credit,revocable letter of credit,irrevocable letter of credit,back to back letter of credit.
How does one open a line of credit?
The easiest line of credit to open is a credit card. There are many credit cards who, for higher fees and interest rates, specifically target people with poor or no credit. Otherwise, if you open a line of credit with your bank (i.e. get a loan) you have to prove financial stability, and dependability.
Where can I Open A Checking Account without a credit check?
You can open a checking account with badcreditnic.com. The do no check your credit.
What is another name for open-end credit?
Revolving credit
Do credit cards provide open end credit?
They have limits.
How are you affected by your 3 credit report scores?
The report scores show how well you handle credit. Such as paying back the debt owed or handling of bank accounts. If you have bad credit you may not be able to get loans or open certain bank accounts, or have a large credit card amount.
What does it mean when a credit inquiry says open?
It means that the credit line described is still open and available for use.
What is the nickname for a credit card used to open a door?
open
Does it hurt my credit to close a savings account?
no. You will hurt your credit when you close an open line of credit.
