EDA bearing The most commonly used international trade payment and credit

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Letter of credit (LETTER - OF CREDIT, L/C)
The letter of credit is the bank (the issuing bank) in accordance with the importer (the applicant) requirements and instructions, to the exporter (beneficiaries) issued by the authorized issuance to banks, exporters or importers draft, guarantee in to meet the provisions of the letter of credit draft and documents, must the acceptance and payment of the ensure the file.
The main characteristic, the letter of credit:
Under the terms of the conditions of the credit, the issuing bank is the first bank. The letter of credit is a bank credit.
Letter of credit is a self-contained file independent of outside contract for the sale of.
Under the letter of credit payment is a documentation of the sale: the exporter after delivery the document, as long as the line do the terms and conditions of the credit, "the same document, just the same," bank guarantees payment to exporters. Importers have the documents representing the goods after payment.
Two, under the credit of the main document:
Bill: BILL OF EXCHANGE /DRAFT
Invoice: INVOICE
Bill of lading: BILL OF LADING
Insurance: INSURANCE POLICY
Packing and weight list: PACKING LIST AND WEIGHT MEMO
Certificate of origin: CERTIFICATE OF ORIGIN
Certificate of inspection: INSPECTION CERTIFICATE

 

234407BM 234706BM 234406BM 517/2860V/YA 5610/2500 517/1720X1V 527/1181M 510/1180M 517/930 510/670 590/560 510/500 52780 59080 517/368M 51760U 517/238 6207-2ZN 6206-2ZN 6205-2ZN 6204-2ZN 6203-RZ 6203-2ZN 6202N 6202-2ZN 6201-2ZN 6200ZZ 6200-2ZN 62/32-ZN 62/32-Z 62/32N 62/32-2Z 62/32-2RZ 62/32-2RS 62/28-2RZ 62/22-2RZ 61996 61992 61988 61984

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