Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Is it permissible to open a letter of credit within the state in which they operate ? If yes? How and what the name of this dependence if not? Why?

Financial Accounting
user-image
Question added by Deleted user
Date Posted: 2014/09/26
Upvote (1) Views (1) Followers (5) Answers (4) Report Question
Write an Answer
Register now or log in to answer.
Deleted user
by Deleted user

no

because the letter credit is " the Purchasingof indirect order "

and it must be open between two (  companies ) not in same country

ghasan katreeb
by ghasan katreeb , محاسب , ادارة الموارد الساحلية

Agreed with colleagues answers

Mohamed Ezat Mahmoud Mady
by Mohamed Ezat Mahmoud Mady , Accounting and Financial Manager , Trustmed

Agree whith your answer hany

Anayatullah Tahir
by Anayatullah Tahir , Finance Manager , Etqan Projects

We cannot open within a same country, because this is an arrangement only when a company is not sure of the receipt from another country.

Write Your Answer
More Questions Like This