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FrançaisA bill of exchange drawn by the exporter/seller on the importer/buyer of goods sold, and accepted by such purchaser. See bill of exchange.
Read MoreTrade finance
This is the way in which an exporter requires an importer to prepay for goods ship. The importer wants to reduce risks by asking the exporter to document that the goods have been shipped. The importer´s bank assists by providing…
Read MoreTransferable letter of credit
A letter of credit where de beneficiary specified in the credit has the option of instructing his bank to transfer the credit fully or in part to another beneficiary. A letter of credit can be transferred if it is expressly…
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