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IRREVOCABLE LETTER OF CREDIT (HOW TO DO IT (COMUNICATION BETWEEN BUYER AND…
IRREVOCABLE LETTER OF CREDIT
WHAT IS IT?
GIVEN BY
BANKS
TO
CORPORATIVE CLIENTS
IT IS A FINANCIAL INSTRUMENT
FOR
PROVIDE BUSINESS FINANCE
TYPES
L/C ON HOLD
MINIMUM DOCUMENTATION
IN CASE OF MISTAKES
L/C DOCUMENT
ONLY TRANSACTION
PURPOSE
FACILITATE INTERNATIONAL TRANSACTION
MAKE SURE A PAYMENT
HOW TO DO IT
COMUNICATION BETWEEN BUYER AND SELLER
SELLER SEND THE DOCUMENTS
CONFIRM OF BANK
TRAMIT OF LETTER
BANK CONFIRMATOR AUTHORIZED THE PAYMENT
THE NEGOTIATION
MAINS CHARACTERS
BENEFICIARY(SELLER)
APPLICANT (BUYER)
ISSUE BANK