Defered Payment L/C
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Trang
- Posts: 50
- Joined: Mon Jan 18, 2010 10:51 am
- First Name: Tracy
- Last Name: Tracy
- Organization: MB
- Filter: Two Plus Two =: 4
Defered Payment L/C
If the beneficiary receives a deferred payment credit which requires presentation draft, what should they do?
-
picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
Def Payment
Hi Pal,
in some country bill means receipt of funds or request of funds. Being draft excluded from documents checking it could be return to the presenting bank or destroyed at the maturity date after payment.
Other comments appreciated
Ciao
in some country bill means receipt of funds or request of funds. Being draft excluded from documents checking it could be return to the presenting bank or destroyed at the maturity date after payment.
Other comments appreciated
Ciao