Tag: Applicant
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...
Presentation – Parties to the Letter of Credit
Issuing Bank
Issuing Bank is the bank that issues a letter of credit at the request of an applicant or its own behalf.
Letter...
Correct Addresses of the Beneficiary and the Applicant
When the addresses of the beneficiary and the applicant appear in any stipulated document, they need not be the same as those stated in...
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,...
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