Back to Back Letter of Credit opening BACK TO BACK Letter of Credit is a credit ,which is backed by Export L/C or Master L/C. Ready-made garment industries and specialized Textile units have been allowed the facility of importing fabrics and other materials needed for the manufacture of garments/ specialized […]
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Confirming a documentary credit
Confirming a documentary credit Confirming a documentary credit Learning objectives This chapter describes the process performed by a bank from the time of receipt of a documentary credit, which includes an authorisation or request for confirmation to be added, through to its sending of the advice to a second advising bank or […]
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