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What is a Usanse LC?
LC for 30,60,90,or 120 days is called Usanse LC
What is the meaning of LC payment?
Letter of Credit payment
Can you discounting a lc non transferable?
Discounting is a term used for the actual drawing/negotiation that takes place under an Lc (Letter of Credit). The credit conform (accepted) documents/draft are due for deferred payment and the presentor does not want to wait for its funds till maturity date. Whether the LC is transferable or not is of no importance here. The LC itself should be 'discountable' (it is safer to have this in special instructions of the LC terms). The discounting then depends on the parties concerned, and the price for discounting (discounting rate/Libor/Airbor+spread) and the willingness of the bank that should discount. Discount can be performed with or without recourse.
What is red clause letter of credit?
IN red clause letter of credit the applicant(buyer)authorizes the confirming bank or any other nominated bank to pay a specified amount to the beneficiary.this clause was traditionally wriiten in red so it was called as red caluse letter of credit. this type of lc would part finance the middle men r the dealers of the beneficiary and the buyer may be willing to have concessions on his pament. this type of lc is hevily used in fur industry in China & Australia .
What is the meaning of DIP test authorization in terms of Oil business?
In international trade, it's a term popularized by "joker brokers" usually on junk mail forums or fraudulent offers or similar. These joker brokers, in their ignorance, imagine that random suspicious people clamber over tanks trying to poke little sticks into the fuel, in order to prove something or other. In reality, a qualified independent and respected inspection agency such as S.G.S., carries out a series of complex analysis on the product with specialized equipment and facilities. The analysis is sent to the bank, who then compares the report to the criteria stipulated on the documentary letter of credit (LC). If the report and other "Presentation Documents" are within the parameters on the LC, then it is collected upon successfully. If the report is outside of the parameters on the LC, then collection is denied. Of course it's far more complicated than this, but you get the idea.
What does LC stand for in LC connector?
LC stands for Lucent Connectors
What is a Usanse LC?
LC for 30,60,90,or 120 days is called Usanse LC
What is a LC opening?
what is lc opening?
What does LC mean?
lc = learning centre
Difference between Export LC and import lc?
An import LC is one made with reference to the buyer but with an export LC, the LC is changed to that with reference to the Issuing bank. This gives a stronger guarantee of payment to the seller.
What exactly means by LC?
LC is Letter of credit
WHEN IS LC REQUIRED?
What do you mean by the term LC and when it is used
When was LC Perú created?
LC Perú was created in 1993.
When was Geely LC created?
Geely LC was created in 2009.
What does LC mean on diamonds?
LC is not a common designation for a diamond.
What is difference between inward LC and outward LC?
An outward LC is opened on behalf of a customer who wishes to import or buy goods. An Inward LC is opened by a foreign bank in favor of the exporter.
How you can make a oscillator without using LC?
don't use LC
