Functions and process of the operation in Documentary Credits Article 2 of UCP (600) defines parties to the Letter of Credit as following: “Applicant: the party to whose request the credit is issued. Beneficiary: The party in whose favor the credit is issued. Issuing Bank: Means the bank that issues […]
Read more![Functions and process of the operation in Documentary Credits](https://i0.wp.com/bankingallinfo.com/wp-content/uploads/2019/05/Functions-and-process-of-the-operation-in-Documentary-Credits.png?resize=360%2C270&ssl=1)