On: January 22, 2006 By: Chris Lidberg
When Is an Amendment Not an Amendment?
Once a letter of credit (LC) is issued and the beneficiary has had a chance to review the document, the need for an amendment may become apparent.
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On: January 22, 2006 By: Chris Lidberg
Once a letter of credit (LC) is issued and the beneficiary has had a chance to review the document, the need for an amendment may become apparent.
On: September 1, 2003 By: Chris Lidberg
You must meet the terms of a letter of credit in order to get paid. Here are the types of discrepancies that can cause problems with the bank.
On: May 19, 2002 By: Chris Lidberg
If you decide you need to use a confirmed letter of credit to ensure that you will get paid for your export, you need to make sure that your bank will add their confirmation. Here are some reasons they might not want to confirm.
On: March 10, 2002 By: Chris Lidberg
The trade letter of credit is intended to be a payment tool. The standby letter of credit is just the opposite. It is not intended to be drawn upon.
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