Comparison of the Commercial and Standby Letter of Credits
The Letter of credit as a method of smoothing international payment is a conditional security and obligation to pay the customer bank (issuing bank) to seller (applicant). For this purpose, the letters of credit may be considered as the most usual method of payment of goods price in international tr...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2015-05-01
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| Series: | Majallah-i ḥuqūq-i taṭbīqī |
| Online Access: | https://jcl.ut.ac.ir/article_54414_7351.html |