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GCSE
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More cards in this set
Card 6
Front
an undertaking by a bank to make payment, provided the terms and conditions are met
Back
Card 7
Front
Facility whereby a bank assures the exporter that payment will be made by the bank directly
Back
Card 8
Front
Documentary credits are governed by
Back
Card 9
Front
Which document in LC gives description about how goods are packed?
Back
Card 10
Front
uncoditional order of the seller to the buyer to pay a sum of money immediately or at a future date to the payee
Back
Card 11
Front
LC there is no demand for payment from seller only promise to pay from issuing bank
Back
Card 12
Front
Issuing bank or confirming bank accept a bill of exchange to pay in future
Back
See full card set