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Wysłany: Czw 11:35, 28 Lis 2013 Temat postu: moncler outlet Important Info About Letters Of Cre |
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Two: Banks use the information in the letter of credit to determine when, how and for how much the exporter will be paid. There is a basic contract between seller and buyer in which they establish what is convenient for the two of them.
The letter of credit will show the essential requests of the importer and which are aligned with what the exporter can provide. The bank is bound by the letter of credit to give payment to the exporter. If under any circumstances, one of the parties is [url=http://www.piktor.fr/air-jordan/]air jordan[/url] not satisfied with the letter of [url=http://www.chu-forex.fr/airjordan.php]nike air jordan pas cher[/url] credit the bank needs [url=http://www.piktor.fr/abercrombie-pas-cher/]abercrombie pas cher[/url] to act [url=http://www.villacannizzo.it/category/hogan-outlet-milano]hogan outlet milano[/url] as intermediary. The letter of credit is a legal commitment between the exporter and the importer that may or may not be modified with the consent of all participants. The commercial contract is not as legally binding as the letter of credit.
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The importer and the issuing bank will open the letter of credit to the exporter. The importer will act as [url=http://www.chu-forex.fr/airjordan.php]jordan pas cher[/url] a payer, in accordance with the basic contract.
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