About: Types of Letter of Credits   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

In general it is bank warranties which is given both to buyer and seller parts. It warranties that the money which has to be paid from the seller to buyer will be on time and will be accurate to be given from buyer to seller. Whenever buyer is not able to pay it, bank is responsible to pay the amount of money required by buyer. Due to perhaps long distance and difference in rulings between two countries LC or Letter of Credit is very important in international commerce. Bank also has the responsibility not to give the corresponding money whenever the related goods is not given to the buyer. With using LC seller can be sure that he can have the bank warranty and he will be able to receive his money after all. They can be sure of dates of carrying and delivering, acquiring carriage documents

AttributesValues
rdfs:label
  • Types of Letter of Credits
rdfs:comment
  • In general it is bank warranties which is given both to buyer and seller parts. It warranties that the money which has to be paid from the seller to buyer will be on time and will be accurate to be given from buyer to seller. Whenever buyer is not able to pay it, bank is responsible to pay the amount of money required by buyer. Due to perhaps long distance and difference in rulings between two countries LC or Letter of Credit is very important in international commerce. Bank also has the responsibility not to give the corresponding money whenever the related goods is not given to the buyer. With using LC seller can be sure that he can have the bank warranty and he will be able to receive his money after all. They can be sure of dates of carrying and delivering, acquiring carriage documents
dbkwik:speedydelet...iPageUsesTemplate
abstract
  • In general it is bank warranties which is given both to buyer and seller parts. It warranties that the money which has to be paid from the seller to buyer will be on time and will be accurate to be given from buyer to seller. Whenever buyer is not able to pay it, bank is responsible to pay the amount of money required by buyer. Due to perhaps long distance and difference in rulings between two countries LC or Letter of Credit is very important in international commerce. Bank also has the responsibility not to give the corresponding money whenever the related goods is not given to the buyer. With using LC seller can be sure that he can have the bank warranty and he will be able to receive his money after all. They can be sure of dates of carrying and delivering, acquiring carriage documents with primary agreement, making sure that the credits for sure will be assigned to the seller, bank warranty to the seller and providing more facilities to the seller for the credit which he will take.
Alternative Linked Data Views: ODE     Raw Data in: CXML | CSV | RDF ( N-Triples N3/Turtle JSON XML ) | OData ( Atom JSON ) | Microdata ( JSON HTML) | JSON-LD    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3217, on Linux (x86_64-pc-linux-gnu), Standard Edition
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2012 OpenLink Software