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:
“Cecil Graham: What is a cynic?
Lord Darlington: A man who knows the price of everything and the value of nothing.”
—Oscar Wilde (1854–1900)
“Harvey: About this Voltaire.
Helene: What about him?
Harvey: How’d he ever get time to do all he did?
Helene: He lived to be old.
Harvey: Even so, how many letters did he write?
Helene: Oh, I don’t know exactly. Thousands.
Harvey: I can’t remember when I even wrote one.
Helene: You should try.
Harvey: It’s too late. I wouldn’t know where to send it.”
—Tom Waldman (d. 1985)
“In a secular age, an authentic miracle must purport to be a hoax, in order to gain credit in the world.”
—Angela Carter (1940–1992)