Description
A letter of credit is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank
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• 1. What is LETTER...
Description
This is a presentation describes the assessment of credit proposal.
ASSESSMENT OF CREDIT PROPOSALS
TYPES OF CREDIT FACILITIES Funded Facilities • Cash Credit
– Financing of working capital – A limit is sanctioned wherein operation is allowed within the limit as per the Drawing...
Documents Required for Exports
FORM P.K.9
INVOICE
LETTER OF CREDIT
BILL OF LADING
PACKING LIST
EXPORT LICENCE, CERTIFICATE, INVOICE &LAISSEZ-PASSERS OF THE
RELEVANT GOVT. AGENCIES.
REPORT OF INSPECTION &INSTALLATION OF CONTAINERS.
Revocable
A revocable letter of credit can be amended or cancelled at any time by the importer without the exporter’s agreement (unless documents have been taken up by the nominated bank). Little protection is offered to the exporter with a revocable credit and they are rarely seen...
back-to-back letter
compliant documents
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exporter’s agreement
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third party suppliers
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