The Price of Letters of Credit
All the charges for issuance of Letter of Credit, negotiation of documents, reimbursements and other charges like courier are to the account of applicant or as per the terms and conditions of the Letter of credit. If the letter of credit is silent on charges, then they are to the account of the Applicant. The description of charges and who would be bearing them would be indicated in the field 71B in the Letter of Credit.
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Famous quotes containing the words price, letters and/or credit:
“Nowadays people know the price of everything and the value of nothing.”
—Oscar Wilde (1854–1900)
“In one instance, we understood that a woman was the post- mistress, and they said that she made the best one on the road; but we suspected that the letters must be subjected to a very close scrutiny there.”
—Henry David Thoreau (1817–1862)
“Taft, laughing, “What troubles [brother] Charles is, he is afraid Roosevelt will get the credit of making me President and not himself.” To Charles: “I will agree not to minimize the part you played in making me President if you will agree not to minimize the part Roosevelt played.””
—William Howard Taft (1857–1930)