The bank named in a letter of credit from which the paying, accepting or negotiating bank may request cover after receipt of the documents in compliance with the letter of credit. The reimbursement bank is often but not always, the…
Read MoreThe bank named in a letter of credit from which the paying, accepting or negotiating bank may request cover after receipt of the documents in compliance with the letter of credit. The reimbursement bank is often but not always, the…
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