Similar words: line of credit, get the better of, better off, be better off, letter of intent, credit, credits, credited. Meaning: n. a document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit.
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121. We'd like you to establish a local letter of credit in our favor.
122. Advising bank, usually in Seller's country, forwards letter of credit to Seller informing about the terms and conditions of credit.
123. In the case of documentary letter of credit, any discrepancy, even in minor details, between the documents presented and those specified in the credit may lead to refusal by the bank to make payment.
124. The letter of credit Unionandfor Documentary Credits ( 1983 Revision ), International chamber of commerce , Publication No.400.
125. Nowadays our foreign trade companies mainly use three kinds of accountings in the export trade, international remittance, documentary bill for collection and documentary letter of credit.
126. W: Are the exprssions of sight draft, time draft , usance draft and letter of credit adequate terms to express the different methods of payment?
127. We have instructed our bank to open an irrevocable documentary letter of credit in your favor. The amount is $ 1,300.00.
128. Embarrassed, our here nonsupport letter of credit. However, you can prepay 20% deposit first. After parts of etc. s of surplus take delivery of goods again pay.
129. The Buyer provides within 3 working days a Non-Operative, Irrevocable, Non-transferable Usance 90-days After Sight DLC (Documentary Letter of Credit) for the Seller's bank approval.
130. We are glad to inform you that we shall open covering letter of credit very soon.
131. Payment will be made by a 100 % confirmed, irrevocable Letter of Credit , available by sight draft.
132. It is the general practice that insurance be covered in the same currency letter of credit.
132. Sentencedict.com is a sentence dictionary, on which you can find good sentences for a large number of words.
133. As a method of financial settlement, letter of credit is well used in international trade.
134. A revocable letter of credit is inadvisable as it carries many risks for the exporter.
135. We have established a commercial letter of credit in your favour for the contracted amount through a Japanese bank.
136. The letter of credit has an extraordinary status as a settlement instrument of payment in international trade.
137. The seller, on receipt of a letter of credit, will have to prepare shipment of the contract goods within the delivery date.
138. The letter of credit balance of accounts is a kind of voucher business behavior.
139. Irrevocable letter of credit, confirmed letter of credit, and transferable and divisible letter of credit are common terms of payment in international trade.
140. Letter of Credit, Company Guarantee, Bill of Exchange, L/C Collection Letter; Document Arrival Notice.
141. To cover our shipment, we would request you to establish a commercial letter of credit in our favor for the contracted goods through an American Bank.
142. In addition, a letter of credit does not insure that the materials purchased will be those invoiced or shipped.
143. Assurances may consist of one or a combination of insurance, guarantee, surety bond, letter of credit, or qualification as a self-insurer.
144. We yet intend to use letter of credit as the term of payment.
145. May I paint money against the letter of credit here?
146. When I open a letter of credit with a bank, I have to pay a deposit.
147. B: In the letter of credit only coverage for all marine risks?was requested.
148. This letter of credit is essentially a disguised form of revocable letter of credit.
149. The documentary letter of credit is the most important payment tool in the international trade settlement, and a major means of payment in Chinese foreign trade as well.
150. A high proportion of documents presented are rejected because of discrepancy, which makes a rational trader doubt the basic function of letter of credit as a payment instrument.
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