letter of credit in English
By way of illustration, take a case in which the customer requests the bank, or other institution, to issue a letter of credit or guarantee to back his purchase of goods.
Use "letter of credit" in a sentence
1. This letter of credit is essentially a disguised form of revocable letter of credit.
2. He should be here any moment with my letter of credit.
3. Written into virtually every letter of credit, the UCP are accepted worldwide
4. Written into virtually every letter of credit, the UCP are accepted worldwide.
5. Addressor definition is - Addresser; especially : one that addresses a letter of credit.
6. All business are to be transacted against confirm and irrecoverable letter of credit.
7. The letter of credit balance of accounts is a kind of voucher business behavior.
8. 16 Letter of credit is a payment way produced on credit crisis for commercial credit.
9. I somehow doubt that the emperors of the Orient will accept a letter of credit.
10. A revocable letter of credit is inadvisable as it carries many risks for the exporter.
11. 11 Remittance and collection belong to commercial credit. Letter of credit belongs to banker's credit.
12. 14 An importer gets his own bank to guarantee payment by issuing a letter of credit.
13. Collateralizing the Letter of Credit A letter of credit (LOC) is a financial instrument used by a buyer of goods in one country to pay the beneficiary (seller) in another country for goods the beneficiary sold and shipped to the borrower
14. Fung opened a letter of credit on an unidentified Malaysian bank, which British American Banknote accepted as security.
15. However, we will accept adequate security instead of payment, such as a Bank Letter of Guarantee (Letter of Credit).
16. Mr. Fung opened a letter of credit on an unidentified Malaysian bank, which British American Banknote accepted as security
17. RBS will stand still all amounts in respect of the RBS counter-indemnity, composite guarantee or letter of credit
18. RBS will stand still all amounts in respect of the RBS counter-indemnity, composite guarantee or letter of credit;
19. The Organization accepted a letter of credit in lieu of a performance bond and the retainage of funds from the contractor
20. The evidence which National submitted suggests that no contract was ever finalised, as an acceptable letter of credit was not agreed.
21. The evidence which National submitted suggests that no contract was ever finalised, as an acceptable letter of credit was not agreed
22. A surety bond, a letter of credit or a personal bond that is not in the specified form will not be accepted.
23. The Department will treat the financial deposit for an applicant as being the sum of the amounts of each accepted letter of credit.
24. 3.4 A letter of credit described in this section may be accepted as an alternative to bid or contract security for all contracts.
25. Illustration # fraudster contracts to sell certain goods to a buyer, and both parties agree that seller will accept a letter of credit as payment
26. Key provisions and an example of a letter of credit are provided in Appendix B. DFO legal advice should be sought for all such documents.
27. 27 Time of delivery is within 3 month after receipt of the purchase order, down payment or irrevocable confirmed letter of credit, as well as clarification of all technical details.
28. We welcome the conclusion of the Master Agreement on Extending Credit Facility in Local Currency under BRICS Interbank Cooperation Mechanism and the Multilateral Letter of Credit Confirmation Facility Agreement between our EXIM/Development Banks.
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30. Cash Collateralized means, with respect to any Letter of Credit, as of any date, that the Borrowers shall have deposited with the Agent for the benefit of the Secured Parties, an amount in cash equal to one hundred and three (103%) percent of the LC Exposure as at such date plus any accrued and unpaid interest thereon.“Cash Collateralize” shall have the correlative meaning.