Search results for keyword: irrevocable
Construction preparation for well and roadway engineering
Well Construction
Well construction is a tedious and complicated task, as it involves the installation of underground systems of pipes, pumps, valves, and other components. Wells are commonly used to provide a source of water for drinking, irrigation, industrial purposes, or to retrieve natural g......
1014 
Sophie
Large-scale temporary works for shaft construction
Construction of Large Temporary Engineering in Wells and Lanes
Wells and alleys are a type of traditional urban space mostly seen in the old towns of China. They were sometimes termed as stone lanes due to their narrow and winding pathways connecting small hutong courtyards. The lanes and alleys ......
irrevocable letter of credit
irrevocable Credit
irrevocable credit is the most important activity in the field of international trade and payments. It is defined by the International Chamber of Commerce (ICC) as a bank-after agreement to make payments against the presentation of documents that comply with the terms of the cr......
Warranty
Letter of Credit
What is a Letter of Credit?
A Letter of Credit (L/C) is a payment method that provides buyers and sellers with a guarantee from a financial institution. It is used primarily in international transactions and is one of the preferred methods of payment for buyers and sellers enga......
Financial costs
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Financial costs are one of the most important elements of any company or industry, primarily because they determine the long-term economic success of the organization or market. The term “financial cost” refers to the costs associated with obtaining, managing, and maintaining financial resourc......
International Patent Technology Licensing Contract
International Patent Technology Licensing Agreement
This International Patent Technology Licensing Agreement (the “Agreement”) is made and entered into this ___ day of ____, 20___, by and between ___________, a ___________ company having its principal office located at ____________ (hereinafter......
revocable contract
The right to rescind, or cancel, a contract is an intrinsic right given to almost all parties when entering a legally binding agreement. This right is designed to protect those signing the contract in the event that the other party does not abide by their commitments, or if the contract needs to b......
Compensation Trade Guarantee
Compensation Trade Guarantee
A compensation trade guarantee (also known as a compensation guarantee) is an agreement between two parties that, in the event of a disputing party suffering a loss, the other party will pay a predetermined amount to compensate for such loss, or otherwise make up for ......
"Uniform Customs and Practice for Documentary Credits"
Following Documentary Credit Uniform Customs and Practice
Documentary Credit (D/C) can be defined as “an arrangement whereby a bank (issuing bank) acting at the request and on the instructions of a customer (applicant) or on its own behalf, authorizes another bank (advising or confirming bank) t......
Incoterms 2000
International Trade Terms Explanation
International trade is a process that involves the movement of goods and services across different countries. In such a vast and complex area, it is important to have clear and consistent terminology to ensure that the trading process runs smoothly. This arti......
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