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  • Inland Letter of Credit

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    INLAND LETTER OF CREDIT IS ISSUED BY THE BANK AT THE REQUEST OF ITS CUSTOMER IN FAVOUR OF A THIRD PARTY INFORMING HIM THAT THE. BANK UNDERTAKES TO PAY OR ACCEPT THE BILLS DRAWN ON ITS. CUSTOMERS UP TO THE AMOUNT STATED IN THE LETTER CREDIT SUBJECT TO THE FULFILMENT OF THE

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    LC__basic

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    INLAND LETTER OF CREDIT IS ISSUED BY THE BANK AT THE REQUEST OF ITS CUSTOMER IN FAVOUR OF A THIRD PARTY INFORMING HIM THAT THE. BANK UNDERTAKES TO PAY OR ACCEPT THE BILLS DRAWN ON ITS. CUSTOMERS UP TO THE AMOUNT STATED IN THE LETTER CREDIT SUBJECT TO THE FULFILMENT OF THE

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    41 views9 pages

    Inland Letter of Credit

    Uploaded by

    pankaj_xaviers
    INLAND LETTER OF CREDIT IS ISSUED BY THE BANK AT THE REQUEST OF ITS CUSTOMER IN FAVOUR OF A THIRD PARTY INFORMING HIM THAT THE. BANK UNDERTAKES TO PAY OR ACCEPT THE BILLS DRAWN ON ITS. CUSTOMERS UP TO THE AMOUNT STATED IN THE LETTER CREDIT SUBJECT TO THE FULFILMENT OF THE

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    of 9

    INLAND LETTER OF CREDIT

    LETTER OF CREDIT - CONCEPT


    LETTER OF CREDIT IS ISSUED BY THE BANK AT THE REQUEST OF ITS CUSTOMER IN FAVOUR OF A THIRD PARTY INFORMING HIM THAT THE BANK UNDERTAKES TO PAY OR ACCEPT THE BILLS DRAWN ON ITS CUSTOMERS UPTO THE AMOUNT STATED IN THE LETTER OF CREDIT SUBJECT TO THE FULFILMENT OF THE CONDITIONS STIPULATED THEREIN

    PAYMENT TERMS: ADVANCE PAYMENT


    ADVANCE PAYMENT SELLER

    BUYER

    GOODS

    PAYMENT TERMS: ON ACCOUNT


    GOODS

    PAYMENT

    PAYMENT TERMS: DP BILLS


    documents GOODS TRANSPORTATION GOODS

    BANK

    BANK

    PAYMENT TERMS: DA BILLS


    documents GOODS TRANSPORTATION GOODS

    BANK

    BANK

    PAYMENT TERMS: DA BILLS ON DUE DATE

    TRANSPORTATION

    BANK

    BANK

    PAYMENT TERMS: DP LC: TIME OF ISSUE

    BUYERS BANK
    ADVISES LC TO ANOTHER BANK

    ADVISING BANK ISSUINGBANK

    PAYMENT TERMS: DP BILLS UNDER LC AT THE TIME OF SENDING DOCUMENTS


    documents GOODS TRANSPORTATION GOODS

    BANK

    NEGOTIATING BANK

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