Parties to Letters of Credit
This page deals with the parties of the letter of credit.
Main parties of a typical letter of credit transaction are applicant, beneficiary, issuing bank, confirming bank, nominated bank,...
When Issuing Bank is also Applicant of a Letter of Credit: Islamic Finance, Leasing...
Applicant means the party on whose request the credit is issued. Applicant is the importer in a typical international commercial letter of credit.
Issuing bank...
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