Search results for keyword: beneficiary
Types of letters of credit
Letter of Credit
A letter of credit (L/C for short) is one of the most popular and practical methods of payment international businesses use when trading in the global marketplace. In simple terms, a letter of credit is a document from a bank guaranteeing payment to the seller of goods provided c......
19/07/2023 
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Avery
Use D/P 60-day payment method with caution when paying by letter of credit
Payment Method: Letter of Credit (L/C) or Documentary Collection (D/C)
When making international payments, two of the most common methods are the letter of credit (L/C) and the documentary collection (D/C). Under both of these methods, the paying party sends payment to the beneficiary in exchang......
Key points of document review
Document Verification: Key Steps for Ensuring Compliance
One of the most essential functions of any business is document verification. Every document submitted, including contracts, invoices, and payroll records, must be verified to ensure compliance with legal and regulatory standards. In this a......
independent guarantee
Standby Letter of Credit and Independent Guarantee
When a business needs to prove that they have adequate financial resources to guarantee payment, they may opt to provide a Standby Letter of Credit or an Independent Guarantee. Both of these instruments are available to and used by businesses of ......
False Usance Letter of Credit and Trade Finance Tripartite Profit
Acceptance of an authentication of a distant-future letter of credit, trade financing advantages for the three-party
The acceptance of an authentication of a distant-future letter of credit is an important means to facilitate international trade. The scope of its application includes commercial t......
Import Advance Payment Guarantee
IMPORT PREPAYMENT GUARANTEE
1. Introduction
An import prepayment guarantee, also known as a prepared payment guarantee, is a specific type of bank guarantee in the form of an irrevocable, unconditional and standing guarantee issued by a bank in favour of an overseas seller/supplier (beneficiary)......
guarantee
Introduction
Guarantees refer to the security bonds that induce confidence and trust into a financial agreement or arrangement. A guarantee is assurance by the guarantor (person giving the guarantee) to the beneficiary (person receiving the guarantee) that some obligation will be fulfilled or a c......
Confirmed letter of credit
内容关于保兑信用证
Standby Letter of Credit
A standby letter of credit (SLOC) is a legal document issued by a financial institution on behalf of a borrower, guaranteeing a lender will receive payment in case the borrower defaults on their obligations. It’s a promise to pay from a third party --......
letter of guarantee
Guarantee Agreement
This Agreement is entered into on [date] between [name of provider of guarantee], having its registered office at [address] (hereinafter referred to as Guarantor), and [name of beneficiary], having its registered office at [address] (hereinafter referred to as beneficiary).
......
insurance trust
Insurance Trusts
Insurance trusts are increasingly popular as they offer a number of advantages as a way of managing finances and estate planning. The trust works to protect assets, either in life or upon death, and provide tax and financial benefits that cannot be achieved through other forms of......
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