LC Confirmation by 360tftrade
25/01/2022 Financial & Legal Services
Price: Check with seller
Description
A letter of credit is a transactional deal, under which the terms can be modified/changed at the party’s assent. In order to be negotiable, a letter of credit should include an unconditional promise of payment upon demand or at a particular point in time.
A letter of credit can be revocable or irrevocable. Since a revocable letter of credit cannot be confirmed, the duty to pay can be revoked at any point of time. In an irrevocable letter of credit, all the parties hold power, it cannot be changed/modified without the agreed consent of all the people.
360tf.trade
Address: 2nd floor, 5 E Jhalana Institutional, Tonk road, Jaipur –342005
Website: https://www.360tf.trade/
Contact No.: 9820760360
Email: [email protected]
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