documentary credit
51Methods of payment in International trade — Popular methods of payment used in international trade include: cash with order(CWO) the buyers pay cash when he places an order. cash on delivery(COD) the buyer pays cash when the goods are delivered. documentary credit a Letter of credit (L/C)… …
52DC — UK US /diːˈsiː/ noun [C or U] COMMERCE ► ABBREVIATION for DOCUMENTARY CREDIT(Cf. ↑documentary credit) …
53Authorisation — The approval of a financial transaction or a change to a system table. Refers to the combination of the following purposes: Used by the staff member who has power of attorney. In other words, he is entitled to judge and accept commitments… …
54Draft details — An ISO term. Information pertaining the draft required under a documentary credit. ISO Documentary Credit Forms term. 20x 30x. ISO Standard Telex Formats term. 4*35x …
55Issue date — An ISO term. The date when the document(s) was issued. ISO International Cheque Remittance term. 6n. ISO Mail Payment Orders term. 10x. ISO Collection Order Form term. 10x. ISO Loan/Deposit Contract Forms term. The date when the… …
56Issuing bank — An ISO term. The identification of the bank issuing the documentary credit. ISO Documentary Credit Forms term. 5*35x. ISO Standard Telex Formats term. 4*35x …
57acceptance credits — One of the ways in which a letter of credit (letters of credit) may provide for payment by the nominated bank (or the issuing bank) to the seller: the seller presents a time bill (bill of exchange) with the documents which the bank will accept.… …
58ДОКУМЕНТНЫЙ АККРЕДИТИВ — (Documentary credit, Marginal credit) аккредитив, открытый банком в пользу иногороднего предприятия для производства ему платежей в пределах известного срока и суммы против представляемых погрузочных документов. Самойлов К. И. Морской словарь. М …
59Аккредитив — LETTER OF CREDIT/DOCUMENTARY CREDIT Поручение банка банку корреспонденту за границей выплатить лицу, указанному в аккредитиве, определенную сумму денег при выполнении оговоренных условий. Аккредитив обычно выписывается по требованию экспортера в… …
60Beneficiary — An ISO term. The ultimate party to be credited or paid as a result of a transfer. ISO Mail Payment Orders term. 6*35x. ISO Documentary Credit Forms term. The party in whose favour the credit is issued. 5*35x …
