The Credit Available Against Time Drafts

The Credit Available Against Time Drafts :

In addition to presenting the documents, the beneficiary is required to draw a time draft on a specific bank (issuing / advising / a third bank). After the documents have been found to be in order, the exporter receives back the draft after it has been accepted by the drawee bank, if he so wishes.

It is possible to discount this bank acceptance. So the draft can be cashed in immediately by the seller while the buyer will be charged with the draft amount only upon maturity.

Related Links :

  • Application for Dealership
  • Appointment Letter
  • Basic Agreement Forms
  • Basics of Business Letters
  • Business Communication
  • Business Idioms & Phrases
  • Business Promotion Letter
  • Business Proposal Letters
  • Confirmation Letter
  • Eviction Letter
  • Farewell Letter
  • Forms and Pro-Formas
  • Friendly Letters
  • Going Out of Business Letters
  • Interview Letter
  • Introduction Letters
  • Marriage Invitation
  • Nomination Letter
  • Official Letters
  • Order Letter
  • Personal Letters
  • Reference Letters
  • Rejection Letter
  • Representation Letter
  • Resume Basics
  • Sample Letter
  • Students Letters
  • Tenancy Related Letters
  • Testimonial
  • Types of Business Letters
  • Writing Business Letters
  • Writing Resume

    How to Export? Index


  • Related Links :