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What is the meaning of Payment will be effected provided the stipulated documents are presented and terms and conditions of the LC are complied with?
Wiki User
∙ 12y ago
It means the bank will release your money after they approve your document presentation and get approval from the applicant of the letter of credit. If all documents are included and comply with the instructions of the LC, payment can be released according to the payment schedule (i.e. "Draft at 30 days after ship date").
Wiki User
∙ 12y ago
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Usance Letter of credit?
Exporter will pay at the maturity date to the beneficiary if the documents are presented complied with terms of credit.
Documentary letter of credit?
A DOCUMENTARY credit is frequently the agreed method of settlement for international trade. The buyer's bank reimburses the seller against presentation of documents drawn in compliance with conditions stipulated in the documentary credit by the buyer. There are advantages to both the buyer and seller when settlement is arranged by documentary letter of credit. First, the buyer knows that payment will only be made if the documents received comply strictly with the terms and conditions of the credit as stipulated by the buyer. Second, the seller knows that payment will be received provided the terms and conditions of the credit are strictly complied with.
Is complied with proper grammar?
Sure. I complied with my orders.
What president gave illegals amnesty in the 80s?
Ronald Reagan signed an act of Congress in 1984 which gave amnesty to certain illegal immigrants if they complied with a list of conditions.
What i s the synonym of complied?
followed
What is the major problem presented to the US during the Cuban missile crisis?
The USSR had put their missiles on the island of Cuba, Another Cumnunist regime, and it posed a very significant threat to the safety of America. The presidant issued an ultimatum for them to be removed, and Cuba complied.
What would happen if a hot air balloon drifted into a restircted air space?
You would be intercepted by the ones managing the restricted airspace, telling you to land it, if not complied with, you would be escorted out. If still not complied with you will be warned that you may be shot down. If STILL not complied with, you will ultimately be shot down.
Who complied and named nalayira divya-prabanadham?
Nathamuni
Who complied the American dictionary of the English language?
Webster
A book of Confucius teachings complied by his students?
confucianism
What is the synonyms of complied?
hindi qoe nga know eh
Who complied the first American dictionary of the English language?
Webster
