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Export-import information on the letter of credit, documentary credit or commercial letter of credit, and comparison of different letters of credit (LC or L/C). ... The documentary credit---letter of credit, documentary letter of credit, or commercial letter of credit---is an arrangement whereby the applicant (the...
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www.export911.com/e911/export/lc.htm
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A written promise of payment provided by a buyer to a seller that is guaranteed to clear by a particular bank. Once an FFDLC document is presented by the seller to the involved bank, the bank is obliged to remit full payment to the seller. ...
http://www.investopedia.com/terms/f/FFDLC.asp
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Characteristic of a documentary letter of credit ... The documentary letter of credit is a sophisticated payment security instrument, which offers high-quality payment security for both parties of the business transaction, i.e., for the seller and the purchaser...
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www.kb.cz/c/html/en/pl/firmy/dokum_akreditiv.shtml
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Documentary Letter of Credit is designed for ... Documentary Letter of Credit is a written obligation of a bank to pay a given amount — if Letter of Credit conditions are met within a certain period. This obligation towards the seller is accepted by the bank upon the buyer’s request.
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www.kb.cz/en/seg/seg4/products/documentary_letter_credi...
www.kb.cz/en/seg/seg4/products/documentary_letter_credit.shtml
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The importer’s bank irrevocably commits for payment provided that the exporter complies with the terms and specifications of the Letter of Credit. Citibank® notifies, negotiates documents and pays to the exporter. ... ; Documentary Letter of Credit;
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www.latam.citibank.com/corporate/lajmco/english/trade/e...
www.latam.citibank.com/corporate/lajmco/english/trade/export/docloce.htm
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Documentary Letters of Credit, LC ... A documentary letter of credit is an instrument issued at the request of an importer in favor of an exporter, in which Citibank, N.A. El Salvador puts its credit worthiness or guarantees payment to the exporter if all terms and conditions under the same are met.
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www.citibank.com/elsalvador/svco/english/svco133.htm
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Documentary letter of credit: ... A Letter of credit calling for payment at a fixed future date, where the documents do not need to be accompanied by a draft. ... An acceptance credit used for import or export financing, usually secured by an irrevocable documentary credit issued by the buyer's bank.
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www.intracen.org/tfs/docs/glossary/de.htm
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The principal difference between a documentary letter of credit and a standby letter of credit is the fact that a documentary letter of credit is an active payment instrument under which payment is intended if the terms and conditions prescribed by the letter of credit are met, whereas a standby letter of credit is...
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www.gattiassociates.com/CM/FAQs/FAQs1903.asp
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A credit used in foreign trade finance and granted primarly on the basis of a documentary credit. The importer’s bank assumes liability for the acceptance and payment of the draft drawn by the exporter on his bank provided that all the conditions specified in the letter of credit are met. ... Documentary letter of credit...
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www.db.com/lexikon/lexikon_de/content/index_e_1163.htm
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