letter of credit

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Title: letter of credit
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Subject: Business
Date: December 8, 2007
Length: 17 / 5068
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This may prove to be inconvenient and expensive.[3] Similarly, if the buyer makes payment for the goods prior to receiving delivery, and if the seller fails to make delivery or delivers nonconforming goods, then the buyer is left facing a similar prospect of pursuing the seller in a foreign jurisdiction...
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The parties establish a letter of credit,[4] which enables the seller to obtain payment from a bank within his jurisdiction. The buyer establishes the letter of credit in such a manner, that payment is promised on presentation of certain documents, the contents of which confirm that the goods being delivered to the buyer are goods that conform to the terms and conditions of the underlying sales agreement...
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Common topics in this essay:
CUSTOMER SELLER RELATIONSHIP   Delivery of Service   Economics Delivery   microfinance and its delivery models   Quality and Delivery   UPS Delivers the Goods   Value Delivery Network   Value Delivery Network   Nothing Left to Prove   Law- Unpaid Seller   Affordable Delivery Confirmation With Usps   Days of delivery (narrative)   Funding Service And Delivery   Buyer   Project Delivery System  
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