Letter of credit the issuing bank to the beneficiary (exporter) according to the application and requirements of issuing the applicant (importer) opened, file a written guarantee of the obligation to fulfill the payment due by the issuing bank with the stipulated documents

The credit is based on the applicant's (importers), and the application and requirements to the beneficiary (exporters) of the, by the provisions of the bill by its due for payment of obligations written assurance that files

The letter of credit is opens a card line of basis opens the card applicant (importer) the application and the request to the beneficiary (exporter) draws up, by opens the card line to depend on the stipulation the documentary evidence fulfillment due payment duty written guarantee document

Credit is the issuing bank according to the applicant (importer) application and requirements to the beneficiary (exporter) opened, by virtue of the stipulated documents by the opening bank to perform their due payment obligations of written files

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