SPECIFICS OF APPLICATION OF A LETTER OF CREDIT FORM OF CALCULATIONS IN INTERNATIONAL PAYMENTS
Journal: ACTUAL DIRECTIONS OF SCIENTIFIC RESEARCHES OF THE XXI CENTURY: THEORY AND PRACTICE
Volume 2 № 3
p. 1 , 2014
Rubrics: ECONOMY, MANAGEMENT AND MARKETING
Authors:
2.
Voronezh State University of Forestry and Technologies named after G.F. Morozov
Russian Federation
Russian Federation
Type:
Article
Pages:
from 407
to 410
Status:
Published
Received:
08.06.2014
Accepted:
08.06.2014
Published:
08.06.2014
Language:
Russian
Keywords:
letter of credit, international payments, foreign economic activity, the economy
Abstract (English):
The letter of credit is a contingent liability of the Bank, granted on behalf of the client in the favor of the contractor under the contract whereby the Bank to open a letter of credit (the issuing Bank), can produce provider payment or to authorize another Bank to make such payments, subject to the presentation of the documents specified in the letter of credit and the execution of other conditions of the letter of credit.
The letter of credit is a contingent liability of the Bank, granted on behalf of the client in the favor of the contractor under the contract whereby the Bank to open a letter of credit (the issuing Bank), can produce provider payment or to authorize another Bank to make such payments, subject to the presentation of the documents specified in the letter of credit and the execution of other conditions of the letter of credit.
Keywords:
letter of credit, international payments, foreign economic activity, the economy
letter of credit, international payments, foreign economic activity, the economy
Аккредитив представляет собой условное денежное обязательство банка, выдаваемое им по поручению клиента в пользу его контрагента по договору, по которому банк, открывший аккредитив (банк-эмитент), может произвести поставщику платеж или предоставить полномочия другому банку производить такие платежи при условии представления им документов, предусмотренных в аккредитиве, и при выполнении других условий аккредитива.
