Search results for keyword: revocable
L/C at sight
Irrevocable documentary credit is document, in which the applicants bank / issuing bank is committed to pay a certain amount on the agreed conditions. The document is a binding contract with irrevocable conditions, so it can not be changed without the agreement of all parties involved.
An irrevoc......
09/07/2023 
1093 
Abigail
red clause letter of credit
At sight irrevocable documentary credit No.XXX
Issued by XXX Bank DateXXX
Dear Beneficiary,
XXX Bank is pleased to issue this documentary credit to you for the specific goods described herein. This is an irrevocable credit, and it may not be modified or cancelled without the consent of all part......
technical service contract
Technology Service Contract
This Technology Service Contract (“Contract”) is entered into between Company A (“Company”) and Company B (“Provider”) for the purpose of defining the terms and conditions of the technology services provided by Provider to the Company.
The Provider is a technol......
technology transfer contract
Technology Transfer Agreement
This Technology Transfer Agreement (hereinafter referred to as the “Agreement”) is made and entered into this ___ day of __________ between ____________ (hereinafter referred to as the “Licensor”) of __________________ and ________________ (hereinafter referred t......
false usance letter of credit
Standby Letter of Credit (SBLC)
A standby letter of credit (SBLC) is a financial agreement that serves as a guarantee for future payments or loan commitments. Standing as a substitute for cash, an SBLC is typically used as a way for businesses to provide protection for both parties in a contract ......
living trust
PRE-NUPTIAL TRUST
In today’s world, pre-nuptial trusts are more common than ever. They can provide couples with financial security in the future, especially during unpredictable economic times. Pre-nuptial trusts are created to hold the assets of each party, so that they can maintain their own s......
revocable letter of credit
revocable Letter of Credit
A revocable Letter or Credit (L/C) is a company agreement between two entities that allows immediate and safe payment to be made from one entity (the buyer) to another (the seller). A revocable L/C is a flexible arrangement that permits the terms to be amended or cancell......
Fulfillment of letter of credit
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Performance under a Documentary Credit
Introduction
A documentary credit (DC) is an instrument which allows a buyer (the applicant) to issue an instruction to a bank (the issuing bank) to make payment to an exporter (the beneficiary) for goods and/or services, on the condition that the exporte......
Introduction to letter of credit
Letter of Credit
A letter of credit (L/C) is a payment mechanism used in international trade transactions. It is a document from a bank typically used to facilitate a trade between two parties in different countries. Generally, the purchaser’s bank issues a letter of credit to the seller’s bank......
revolving letter of credit
Revolving Letter of Credit
A revolving letter of credit is a document issued by a financial institution or banking organization to guarantee payment of an emerging debt arising from the execution of a sales contract. This document is often used in international trade transactions or in the establ......
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