The definition of documentary credit That contract whereby the Bank undertakes to open adoption at the request of one of its clients (called open credit) for another person (beneficiary) to ensure documents represent movable goods or prepared for transport - The importance of documentary credits 1 - a way to reconcile and facilitate transactions between buyer and seller who are in two different countries 2 - guaranteed means of payment in international trade operations 3 - provide letters of credit for each of the credit facilities exporter and importer - The parties to the documentary credit It can be said that the letter of credit are among several parties (client, the World Bank, and the beneficiary) First: the client demanded opening credit (importer - buyer) Is the client requesting the opening credit of what has been imported (also called open thing of credit) and shall be binding to the Bank the value of accreditation if the conditions are met and shipping doc
The site , download ,news , Forex, letters, sms , Facebook, tips and video, tutorials, Women , social ,Baby Names