Bill of Lading

A sight letter of credit

bill of exchange may it sight needs to have a line of credit ( unsecured)

Commercial L/C has a collateral; the shipping documents

Line of credit for 200k ( unsecured) verify and review, bill of exchange

Sight draft- payable on demand upon receipts. (kaagad)

Line of credit of 120 days; outright the exporters bank4

Trust receipts- entitled to give authority to pull out the goods for him to sell ( 120 days)
availment of credit of Mr. Edwards

1998 Usance Letter of credit (time draft) involve banker’s acceptance- upon received dili sya mag pay
for 120 days, its only a guarantee, but wala pa na financed by Mr. Edward ( additional cost is the
commission charges and Letter or credit)

Who has shouldered the WC? The seller for 120 days has financed

Interest starts upon maturity of 120 days,

A long period of time,

Who has financed the WC of Mr. Edwards on his importation? Invested already even tho wala pa
nakaabot ang goods, but temporarily financed by the bank then upon payment of Mr. Edwards maiyaha
na dayun

Financing ( additional cost is the interest expense)

REVIEWWWW !!!!!
Date will be upon receipts

Ref no. letter of credit (bank)

Pay to the order of exporter

Amount : L/C

Drawn under silicon valley bank (third bank of Dallas) with the letter of credit and dated on he day

Signed by: exporter on demand

order of the exporter of the issuing bank

read : international trade transactions

Short term of credit, exporter

Once draft is accepted it can be sold in the market, selling out your receivables

Banker’s acceptance is only used by trade

Unknown, a cross border, meaning no access w

Payable to : exporter or exporter’s bank ( Japan)

Amount: stated in the L/C

Payable of designated bank and city bank

Address: to the issuing bank

No guarantee

Delayed on payment is an additional payment on the WC of creditor