Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Are still operate Red Clause LC?

user-image
Question added by sunarto zulkifli , senior manager , PT Bank Syariah Mandiri
Date Posted: 2015/08/14
Maha MSArini
by Maha MSArini

The funds provided in the Red Clause Letter of Credit are known as advance payment. The advance payment are then deducted from the the amount of the credit when it is presented for payment. Red Clause are usually employed to facilitate internal exports.

More Questions Like This