letters of credit define

Understanding and Using Letters of Credit part1

Understanding and Using Letters of Credit part1

Ngày tải lên : 05/11/2012, 16:27
... past decade. Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. The credit professional should ... familiar with two types of letters of credit: commercial and standby. Commercial letters of credit are used primarily to facilitate foreign trade. The commercial letter of credit is the primary ... under the terms of a contract. Upon receipt of the letter of credit, the credit professional should review all items carefully to insure that Understanding and Using Letters of Credit, Part...
  • 6
  • 652
  • 1
Tài liệu An Introduction to Letters of Credit pptx

Tài liệu An Introduction to Letters of Credit pptx

Ngày tải lên : 16/01/2014, 11:37
... Currency Letters of Credit 24 Chapter 5 Letters of Credit – Special Types 29 Revolving Letters of Credit 30 Installment Letters of Credit 30 Advance Payment Letters of Credit 30 Red Clause Letters of ... Letters of Credit 31 Transferable and Back-to-Back Letters of Credit 31 Transferable Letters of Credit 31 Back-to-Back Letters of Credit 34 Assignment of Proceeds 35 Simplified Letters of Credit ... 16 Chapter 3 Letters of Credit – Avoiding Problems 19 Problem Resolution 20 Documentary Requirements 20 Chapter 4 Letters of Credit – In Action 23 Export Letters of Credit 24 Import Letters of Credit...
  • 152
  • 486
  • 2
Tài liệu Understanding and Using Letters of Credit Part 1 pptx

Tài liệu Understanding and Using Letters of Credit Part 1 pptx

Ngày tải lên : 16/01/2014, 18:20
... the past decade. Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. The credit professional should ... them at maturity. Standby Letter of Credit The standby letter of credit serves a different function than the commercial letter of credit. The commercial letter of credit is the primary payment ... trade. The credit professional should be familiar with two types of letters of credit: commercial and standby. Commercial letters of credit are used primarily to facilitate foreign trade. The from...
  • 9
  • 511
  • 0
Tài liệu Understanding and Using Letters of Credit Part 2 doc

Tài liệu Understanding and Using Letters of Credit Part 2 doc

Ngày tải lên : 16/01/2014, 18:20
... * General background information; * Types of letters of credit; * Common problems with letters of credit; * Procedures for establishing letters of credit; * Amendments; and * General tips ... by a certificate of origin. Prices should be stated in the currency of the letter of credit and documents should in the same language as the letter of credit. The Letter of Credit Application The ... state the actual amount of the letter of credit. One can request a Amendment of a Letter of Credit For the seller to change the terms noted on an irrevocable letter of credit, it must request...
  • 10
  • 528
  • 2
An Introduction to Letters of Credit phần 1 ppsx

An Introduction to Letters of Credit phần 1 ppsx

Ngày tải lên : 10/08/2014, 07:21
... Currency Letters of Credit 24 Chapter 5 Letters of Credit – Special Types 29 Revolving Letters of Credit 30 Installment Letters of Credit 30 Advance Payment Letters of Credit 30 Red Clause Letters of ... Letters of Credit 31 Transferable and Back-to-Back Letters of Credit 31 Transferable Letters of Credit 31 Back-to-Back Letters of Credit 34 Assignment of Proceeds 35 Simplified Letters of Credit ... 16 Chapter 3 Letters of Credit – Avoiding Problems 19 Problem Resolution 20 Documentary Requirements 20 Chapter 4 Letters of Credit – In Action 23 Export Letters of Credit 24 Import Letters of Credit...
  • 16
  • 397
  • 0
International payment service by opening Letter of Credit at Vietnam Eximbank Hanoi Branch.doc

International payment service by opening Letter of Credit at Vietnam Eximbank Hanoi Branch.doc

Ngày tải lên : 27/10/2012, 16:44
... Definition of Letter of Credit 1 1.2. Role of Banks in Documentary Letters of Credit 3 1.3. The Documentary Credit Cycle 3 2. Import LC 5 3. Export LC 7 II. HISTORY AND DEVELOPMENT OF EXIMBANK ... Letter of Credit. Letter of Credit is abbreviated as an LC or L/C and often is referred to as a Documentary credit, abbreviated as DC or D/C, documentary letter of credit, or simply as Credit. ... Letter of credit. 1.1 Definition of Letter of credit According to Wikipedia, the free encyclopedia http://en.wikipedia.org/: “the English name “letter of credit derives from the French word “accreditation”...
  • 39
  • 2K
  • 30
Making the Paper Cut - Resumes, Cover Letters, Applications, and Letters of Reference

Making the Paper Cut - Resumes, Cover Letters, Applications, and Letters of Reference

Ngày tải lên : 25/10/2013, 16:20
... with your other letters of recommendation. There are two kinds of reference letters: professional and personal. The following sections discuss each type. Professional Reference Letters Early in ... importance of cover letters (also known as letters of in- tent”), but if you take the time to include one with your application, the extra touch of professionalism will increase your chances of making ... Letters Early in your career, professional letters of recommendation usually are written by people who have direct knowledge of your student-teaching ability. These include college professors, college supervisors,...
  • 41
  • 537
  • 0
Tài liệu Application and Agreement for Standby Letter of Credit pptx

Tài liệu Application and Agreement for Standby Letter of Credit pptx

Ngày tải lên : 20/12/2013, 17:15
... the laws of the State of California, unless otherwise stipulated on Page 1 hereof or in the Letter of Credit. If so stipulated on Page 1 hereof or in the Letter of Credit, the Letter of Credit ... out of: ()a any lack of validity or enforceability of this Agreement; or ()b any amendment or waiver of or consent to departure from the terms of the Letter of Credit; or ()c the existence of ... ____________ page 7 of 7 XXXX Bank Application & Agreement for Standby Letter of Credit .6 Any changes or modification with respect to the terms or provisions of the Letter of Credit or any of the matters...
  • 7
  • 677
  • 0
Tài liệu Security Agreement and Pledge For Use with Letter of Credit pptx

Tài liệu Security Agreement and Pledge For Use with Letter of Credit pptx

Ngày tải lên : 20/12/2013, 17:15
... Security Agreement and Pledge For Use with Letter of Credit The signer(s) certifies that he/she is authorized to execute this Credit Application on behalf of the Applicant named below, and that all ... under review. If the credit request is not granted, the hold will be released. This Credit Application is made as of_ ____________(date) at (city),___________(state). Name of Applicant FOR PARTNERSHIPS, ... XY-ZU-4715 Page 2 of 2 FOR CORPORATIONS ONLY: THE PRESIDENT OR CHAIRMAN OF THE BOARD OR ANY VICE PRESIDENT AND ONE OF THE FOLLOWING, SECRETARY, ASSISTANT SECRETARY, CHIEF FINANCIAL OFFICER OR ASSISTANT...
  • 2
  • 663
  • 1
Tài liệu Letter of credit ppt

Tài liệu Letter of credit ppt

Ngày tải lên : 20/12/2013, 19:15
... Letter of Credit. Letter of Credit is abbreviated as an LC or L/C, and often is referred to as a documentary credit, abbreviated as DC or D/C, documentary letter of credit, or simply as credit ... buyer. Buyer provides bill of lading to carrier and takes delivery of goods. Understanding and Using Letters of Credit, Part I Understanding and Using Letters of Credit, Part II Irrevocable ... buyer's bank supplies a letter of credit to seller. LETTER OF CREDIT Home Documentations Law and legislatives Links Vietnamese From Wikipedia A letter of credit is a document issued mostly...
  • 5
  • 502
  • 0

Xem thêm