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- Letters of Credit
- Amendment to a Letter of Credit
- Assignment of Proceeds of a Letter of Credit
- Commercial vs Standby Letter of Credit
- Engagement Clauses in Letters of Credit
- Installment Letters of Credit
- Letters of Credit
- Discrepancies in Letters of Credit
- Revolving Letters of Credit
- Standby Letter of Credit, Irrevocable Standby Letter of Credit
- Letter of Credit Fraud
- Letter of Credit Risks to the Seller
- The Three Cs of International Credit
- Denied Parties; Export Administration Regulations
- Letter of Credit Discrepancies
- Ex-Im Bank
- Export Credit vs International Credit
- Letter of Credit Instructions
- Credit Insurance; and the Foreign Credit Insurance Association
- The Foreign Corrupt Practices Act
- The Growth of International Credit
- Credit Insurance; Trade Credit Insurance; Credit Risk Insurance; International Credit Insurance
- Export Credit Risk; International Commercial Risk, Export Trade Credit Risk
- Forfeiting; International Financing
- International Credit Policy; Open Account vs. Letter of Credit
- Foreign Financial Statement Analysis; IASB; International Accounting Standards Board
- Marine Cargo Insurance; Cargo Insurance; Ocean Marine Insurance
- International Payment Terms; Methods of Payment for International Sales
- Political Risk Insurance; Export Credit Insurance
- Silent Confirmation
- Sovereign Risk; Political Risk; Country Risk
- Uniform Customs and Practice for Documentary Credits; UCP 600
- Gathering Information about Foreign Credit Applicants
- International Open Account Terms
- Common Reasons for International Customer Payment Default
- Analyzing Foreign Financial Statements
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- Tips on Creating Better Emails
- Generating Effective Credit Correspondence
- Exporting
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Expiration Date
The expiration date of a Letter of Credit must be considered carefully. The expiration date of the letter of credit must permit sufficient time if necessary to correct any mistakes found by the issuing band when the documents are presented for payment. Given the high failure rate of initial presentation of letter of credit documents, having sufficient time to correct errors is critical.
© 2011 by Michael C. Dennis. All Rights Reserved. Michael is the author of "Credit and Collection Handbook." E-mail questions or comments to him at mcdennis13@yahoo.com