Monday, January 20, 2014

Bank Payment Obligations

The ICC has put out what appears to be simply an electronic version of the Letter of Credit.  I suppose it is a good idea to call it something else, as opposed to Letter of Credit, in an abundance of caution, for unseen differences when actual paper is not in the deal.  Here is the current info available.

Feel free to forward this by email to three of your friends.


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