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Rotor Accreditation: Accreditation -ho which is automatically renewed at the same value and the same period of several courses within a period of accreditation. If desired a Almistordaan import goods worth million dollars over ten months Here no interest in opening a provision of $ million and book large cash insurance has to be agreed with the beneficiary on the open rotor appropriation of $ a hundred thousand dollars and is renewed every month for ten months, and this is in the interest of both exporter and importer .valmusdr can sell his goods aphid does not need to be stored for a long time has either imported Visttia pay the value of each shipment receives and thus provides the storage costs of the goods and ensures the continuation of import prices agreed in advance with the source. The importer can stop importing all the circumstances surrounding the change Bh.uaadh resort factories to open rotor dependence due to the need for periodic raw materials for the continued operation and to check on the process of shipping these materials and thus received in time before the start of production Bamalh
Letters of credit letters of credit are commercial contracts serve international transactions and check documentary credits a high degree of security and safety between the contracting and the parties are close is issued by a financial institution, and includes mostly pledged to pay the beneficiary is irrevocable, provided that matching documents to those contained be in reliance , relying irrevocable / irrevocable or booster / non-enhanced, or can be converted to non-Kindle may be the adoption of or against the adoption of the rotor may be, but in most cases irreversible binding or enhanced.
Reliance ring or renewed:
Ring or renewed accreditation is that opens a specific value of a specific term is that its value is renewed automatically if what has been implemented or used, so that the beneficiary repeat submit documents for a new process within the limits of the credit value, and during the period of validity, and the number of times specified in the approval. Renewed reliance on the basis of duration or on the basis of the amount may be. Or renewal on the basis of the amount it means that the renewed credit value if used to be that the beneficiary gets a new amount whenever new merchandise documents presented during the duration of the credit. The renewal period on the basis of what this means is that this opens the dependence of a specific amount, and the amount will automatically be renewed for several periods under the same conditions, if it is used during the first period completely renewed its value to take effect during the next period, and so on. This kind little use and does not open normally, but customers excellent reputations in the trust bank, and is used especially to finance the contracted goods periodically.
I agree with all answers given by colleagues.
Revolving Letter of Credit: One letter of credit is enough for a repeated number of Transactions for a specific period with the upper limit per transaction fixed, reduces the procedures each time. Agree with the answer given by Mr. Georgei Assei.
I agree with the experts on a letter of credit.
It is an international trade procedure in which the credit worthiness of an importer is substituted by the guaranty of a bank for a specific transaction. Under documentary credit arrangements.
the answers were given are very good so i agree with them
Good Question and new information thanks Mr Georgei
AGREE WITH ALL ANSWERS
