Trade credit and non bonded credit difference of C 59-2CS5V edabearings

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This is from the letter of credit to guarantee payment for the angle of.
(1) letter of credit (Confirmed Credit) is defined by another bank or confirming bank (usually the advising bank, but also the other third banks) are not irrevocable letter of credit with negative guaranteed liability of the credit of the issuing bank. The point is:
First, the object must be not confirmed irrevocable letter of credit.
Second, do not revocable letter of credit, bank, called the confirming bank (Confirmed Bank).

C59-2CS5V edabearing
Third, opened to the issuing bank letter of credit insurance, the general is the request of the beneficiary as; so need care, because the beneficiary on the issuing bank credit is not enough understanding, or lack of trust. Also some of the issuing bank to worry about their own letters of credit are not acceptable and ask the beneficiary protection.
Fourth, letter of credit beneficiary confirmed, took the double payment of the issuing bank and the confirming bank guarantee, payment is more secure; after a confirmed letter of credit, first by the confirming bank payment responsibility, thus confirming this to become "the first payer" (First Drawee), provided that the beneficiary provides the credit under the documentary evidence, the confirming bank must pay, or acceptance or negotiation.
Fifth, confirmed letter of credit where the use, should be "marked" irreversible "message and the confirming bank, in the credit.
(2) not confirmed letter of credit (Unconfirmed Credit) refers to has not been confirmed by another bank letter of credit.

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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