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What is the difference between back to back letter of credit and transfer letter of credit?
back to back credit is a seller financing tool where seller goes to his bank for amendment of the master lc and get issued another lc in favor of the main supplier and also it is a LC where main buyer does not get to know that who is main supplier .Bank which issues the back to back LC undertakes a definite payment obligation under L/C law and practice, while the bank that transfers a transferable L/C does not obligate to pay. Instead, the transferring bank usually pays after receipt of issuing bank's payment under the transferable credit.a transerable is cannot be transferred until or unless it is mentioned in the master LC as tranferable.
What is a LC opening?
what is lc opening?
What exactly means by LC?
LC is Letter of credit
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
Can term deposit receipt be transferable?
Yes we are going to provide transferable feature in our TDR
How do you spell nontransferable?
That is the correct spelling of "nontransferable."
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 the difference between back to back letter of credit and transfer letter of credit?
back to back credit is a seller financing tool where seller goes to his bank for amendment of the master lc and get issued another lc in favor of the main supplier and also it is a LC where main buyer does not get to know that who is main supplier .Bank which issues the back to back LC undertakes a definite payment obligation under L/C law and practice, while the bank that transfers a transferable L/C does not obligate to pay. Instead, the transferring bank usually pays after receipt of issuing bank's payment under the transferable credit.a transerable is cannot be transferred until or unless it is mentioned in the master LC as tranferable.
What the transferable divisible lc?
If you talk about money - the word "transferable" includes already the term "divisible". If you talk about terms of delivery; the term "partial shipment allowed/not allowed" are used since 1982. In other words "divisible" meant 30 years ago, "partial shipment allowed". Good luck!!!
Which commanders are authorized to exercise nontransferable command authority?
The Combantant command or COCOM
Is this the correct spelling for transferable?
Yes, "transferable" is the correct spelling.
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?
Is the warranty transferable?
is 10year100,000mile powertrain transferable
What does LC mean?
lc = learning centre
Are world cup 2010 tickets transferable?
No they are not transferable.
