FInest

Future Internet PPP Use Case Project

Future Internet PPP

Term begins with:

match in titlematch in contentmatch in metadata

Availability



"In letters of credit, refers to the availability of documents in exchange for payment of the amount stated in the letter of credit. Availability options are:
(1) By sight payment: payment on receipt of the documents by the issuing bank or the bank nominated in the letter of credit.
(2) By deferred payment: payment after a oeriod soecified in the letter of credit, often calculated as number of days after the date of presentation of the documents or after the shipping date.
(3) By acceptance: acceptance of a draft (to be presented together with other documents) by the issuing bank or by the bank nominated in the letter of credit, and the payment thereof at maturity.
(4) By negotiation: meaning the giving of value by the nominated bank to the beneficiary for the documents presented, subject to receipt of cover from the issuing bank."

Hinkelmann, E.G. 2008. Dictionary of International Trade 8th Edition. California, USA: World Trade Press

Last change: 2011-11-09

Valid XHTML 1.0 Transitional