In letters of credit, in addition to the commitment of the issuing bank, the advising bank can, by silent confirmation, enter into its own, independent commitment to pay or accept. In contrast to the confirmed letter of credit, in this…
Read MoreIn letters of credit, in addition to the commitment of the issuing bank, the advising bank can, by silent confirmation, enter into its own, independent commitment to pay or accept. In contrast to the confirmed letter of credit, in this…
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