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Trading Education
Friday, November 17, 2006. Glossary of EXPORT Terms. A time draft that has been accepted on its face and bears in writing the unconditional obligation of the person or firm upon whom it is drawn to pay the draft at its maturity. By accepting the draft, the Drawee Bank becomes the Accepting Bank. The bank to which the Issuing Bank sends the Letter of Credit, with instructions to notify the Exporter Beneficiary, with no obligation to pay. The party that has contracted to buy goods; the Importer in the Le.
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Friday, November 17, 2006. Glossary of EXPORT Terms. A time draft that has been accepted on its face and bears in writing the unconditional obligation of the person or firm upon whom it is drawn to pay the draft at its maturity. By accepting the draft, the Drawee Bank becomes the Accepting Bank. The bank to which the Issuing Bank sends the Letter of Credit, with instructions to notify the Exporter Beneficiary, with no obligation to pay. The party that has contracted to buy goods; the Importer in the Le.CONTENT
This web page tradingeducation.blogspot.com states the following, "Friday, November 17, 2006." We saw that the webpage said " A time draft that has been accepted on its face and bears in writing the unconditional obligation of the person or firm upon whom it is drawn to pay the draft at its maturity." It also said " By accepting the draft, the Drawee Bank becomes the Accepting Bank. The bank to which the Issuing Bank sends the Letter of Credit, with instructions to notify the Exporter Beneficiary, with no obligation to pay. The party that has contracted to buy goods; the Importer in the Le."SEEK SIMILAR DOMAINS
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