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Ia Ic Ih Im In Ip Ir Is It
Iso Iss

ISO

The International Standards Organization was established in 1947 as a worldwide federation of national bodies representing approximately 90 members. The scope of ISO covers standardization in all fields except electrical and electronic engineering standards, which are the responsibility of the…

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Issuance

The establishment of a letter of credit by the issuing bank (buyer´s bank) based on the buyer´s application and credit relationship with the bank. See letter of credit.

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Issue date

The date a letter of credit was opened, or the date an amendment was issued.

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Issuing bank

The buyer´s bank which establishes a letter of credit at the request of the buyer, in favour of the beneficiary (exporter/seller). Also called buyer´s bank or opening bank. See letter of credit.

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