documentary credit

A documentary credit is the most secure form of international payment for both buyer and seller.

An agreement setting minimum fees for documentary credits must also be abolished by the end of the year.

With a documentary credit, the customer arranges a letter of credit from their bank.

Documentary collections and documentary credits are payment methods often used in international trade.

A bill of exchange is a less secure means of payment, but is cheaper than a documentary credit.

The general legal maxim de minimis non curat lex has no place in the field of documentary credits.

This is the first fiction feature by Mr. Rudavsky, who has a string of documentary credits and not, it seems, enough experience with actors.

Doug Block's documentary credits include:

Documentary credits are typically used for exports to customers you have not sold to before, and for customers and countries that present particular credit risks.

A documentary credit is issued by the importer's bank in favour of the exporter and forwarded to a bank in the exporter's country for payment.

Her other documentary credits include The Righteous Babes and A Brimful of Asia.

The Uniform Customs and Practice for Documentary Credits (UCP600) is a set of internationally accepted rules on the issue and use of letters of credit.

DOCDEX provides expert decisions to resolve disputes related to documentary credits, collections and demand guarantees, incorporating ICC banking rules.

One of the primary peculiarities of the documentary credit is that the payment obligation is independent from the underlying contract of sale or any other contract in the transaction.

Although documentary credits are enforceable once communicated to the beneficiary, it is difficult to show any consideration given by the beneficiary to the banker prior to the tender of documents.

One of the best-known payment processes is a letter of credit - also known as a documentary credit - which provides security to both the seller and the buyer through the international banking system.

Davis, Treitel, Goode, Finkelstein and Ellinger have all accepted the view that documentary credits should be analyzed outside the legal framework of contractual principles, which require the presence of consideration.

His television and documentary credits include: Dog the Bounty Hunter season 4; Parking Wars season 2; and Music Makes a Better Person (sound recording engineer, music producer/supervisor).

PPCB also offers various services for business like trade financing services, including documentary credits, shipping and airway guarantees, inward bills for collection, trust receipts and bills receivable financing.

These smaller seminars and courses share ICC's expertise on commercial arbitration, dispute resolution mechanisms like mediation, Incoterms, uniform customs and practice for documentary credits (UCP) and others.

The importer, on the other hand, can be sure that no payment will be made until the exporter has provided documents as evidence that the goods have been shipped in accordance with the terms of the documentary credit.

These rules are commonly used by banks in commercial transactions worldwide and once applied to any documentary credit, they are binding on all parties to the credit, unless specifically modified or excluded by the credit.

As sales grew, we had to import more machines, often on the basis of letters of credit - a documentary credit raised by the importer's bank and confirmed by the bank of the exporting company.

His documentary credits include Lachlan Macquarie: The Father of Australia (2011) for BBC Scotland and The History Channel; and he has composed music for television advertisements.

The importation of goods, issuance of documentary credits and registration of orders for documentary bills of exchange for imports are also done in accordance with the policies of the Central Bank.