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Bank Guarantee

  Member (Account Deleted)    14 July 2009 at 19:27

IntroductionA bank guarantee is a written contract given by a bank on the behalf of a customer. By issuing this guarantee, a bank takes responsibility for payment of a sum of money in case, if it is not paid by the customer on whose behalf the guaran

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Letter of Credit

  Member (Account Deleted)    14 July 2009 at 12:15

IntroductionLetter of Credit L/c also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. The document is issued by a financial organization at the buyer request. Buyer also provide the neces

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Posted in Others  11 comments |   17070 Views