Letters of credit

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf gptkb:financial_services_company
gptkbp:alsoKnownAs LC
documentary credit
gptkbp:application buyer
gptkbp:benefit seller
gptkbp:governedBy gptkb:UCP_600
https://www.w3.org/2000/01/rdf-schema#label Letters of credit
gptkbp:introducedIn 19th century
gptkbp:issuedBy gptkb:bank
gptkbp:purpose guarantee payment
gptkbp:reduces risk of non-payment
gptkbp:regulates gptkb:International_Chamber_of_Commerce
gptkbp:requires presentation of documents
gptkbp:type back-to-back letter of credit
confirmed letter of credit
irrevocable letter of credit
revocable letter of credit
standby letter of credit
transferable letter of credit
unconfirmed letter of credit
gptkbp:usedIn gptkb:treaty
gptkbp:bfsParent gptkb:financial_services_company
gptkb:Commercial_bank
gptkbp:bfsLayer 5