목차(1)Commercial Letter Of Credit
⑥Irrevocable Unconfirmed Credit
⑦Irrevocable confirmed Credit
⑨Cumulative vs. Non-cumulative
⑬Refinancing of Sight Credit
⑮Back to Back Credit
-Red Clause Credit
-Without Recourse Credit
(2)Traveler's Letter Of Credit
(3)Special Letter Of Credits
①Authority To Pay or Accept
②Authority To Purchase
본문내용(1)Commercial Letter Of Credit
A commercial letter of credit is an instrument or letter issued by a bank in behalf of and for the account of a buyer of merchandise. By this instrument the bank agrees that drafts of the seller may be drawn on the issuing bank or on another bank designated in the instrument instead of on the buyer, and when so drawn within the conditions indicated in the instrument, such drafts will be duly honored by acceptance and/or payment, depending upon the usances of the drafts.
참고 자료[EXPORT-IMPORT FINANCING: A PRACTICE GUIDE]-GHERHARD W. SHNEIDER저
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