An Introduction to Letters of Credit phần 1 ppsx

... Letters of Credit 31 Transferable and Back -to- Back Letters of Credit 31 Transferable Letters of Credit 31 Back -to- Back Letters of Credit 34 Assignment of Proceeds 35 Simplified Letters of Credit ... 47 Standby Letters of Credit 15 . Application and Agreement for Irrevocable Standby Letter of Credit 51 16. Standby Letter of Credit – In Lie...

Ngày tải lên: 10/08/2014, 07:21

... the 1st to the 10 th, the 11 th to the 20th, and the 21st to the last day of such month, all dates inclusive. F. TRANSFERABLE CREDIT Article 48 Transferable Credit a A transferable Credit is a Credit ... Documentary Credits (including standby letters of credit) . Below are the different possible cases and the relevant rules of interpretation: 2 .1. 1 Documentary credi...

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... identity of one party from another, a Transferable Letter of Credit or a Back- to- Back Letter of Credit may permit the transaction to go forward. Transferable Letters of Credit – When a Letter of Credit issued ... provide financial assistance in the form of grants, loans, subsidies and guarantees. Grants, loans and subsidies are forms of direct agency assistance. G...

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... Beneficiary. Standby letters of credit are also frequently used to effect direct payment to the beneficiary. An example of the face of an Application form for a Standby Letter of Credit is shown on page 51 ... in any commercial or financial transac- tion. With a Standby Letter of Credit, the Issuing Bank substitutes its creditworthiness for that of its customer, th...

Ngày tải lên: 10/08/2014, 07:21

... Standby Letter of Credit. A Standby Letter of Credit issued in favor of a surety company is shown on page 57, Illustration 20. Standby Letters of Credit as a Payment Mechanism Standby Letters of Credit ... Bonds Standby Letters of Credit are used to enhance the credit rating of municipal and other bonds and notes and may be structured as either a guarantee typ...

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... $50,000) (of amount over $50,000) $10 0,0 01 - $500,000 $4,375 + 2.00% $13 ,12 5 + 5.00% (of amount over $10 0,000) (of amount over $10 0,000) $500,0 01 - $1, 000,000 $12 ,375 + 1. 25% $33 ,12 5 + 3.75% (of amount ... Nations’ exchange rate prevailing on the date of submission of the Notice of Arbitration. Amount of Claim Administrative Fee Up to $10 0,000 $1, 500 $10 0,0...

Ngày tải lên: 10/08/2014, 07:21

... calculation of the period. 19 . Dates may be expressed in different formats, e.g., the 12 th of November 2003 could be expressed as 12 Nov 03, 12 Nov03, 12 .11 .2003, 12 .11 .03, 2003 .11 .12 , 11 .12 .03, 12 110 3, ... one mode of transport, but it may be silent regarding the modes of transport utilized. 11 2 ii. currency and amount; iii. additional amounts payable and toler...

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... and Interpretation of These Rules 1. 01 Scope and Application a. These Rules are intended to be applied to standby letters of credit (including performance, financial, and direct pay standby letters ... in blank and, in any event, 11 6 10 . Method of payment and form of payment advice. 11 . Instructions in case of non-payment, non-acceptance and/or non-compliance with...

Ngày tải lên: 10/08/2014, 07:21

... mode of transportation. Transferring Bank - A bank authorized by the Issuing Bank by nomination in the Letter of Credit to effect a transfer of the Issuing Bank’s Letter of Credit. Underlying Transaction ... evidenc- ing shipment of merchandise and often is used in lieu of bid bonds, performance bonds or payment guarantees to secure a transaction or the performance of an...

Ngày tải lên: 10/08/2014, 07:21