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Bank Guarantee
Posted by Member (Account Deleted)
14 July 2009
55547 Views
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
Letter of Credit
Posted by Member (Account Deleted)
14 July 2009
19777 Views
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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