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Old 07-12-2008, 04:33 PM
business business is offline
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Join Date: May 2008
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Default what's the difference between "different payment" and "usance" in a L/C term.?

different payment mechanisms that match financing needs (examples are Authorization to pay, Back to Back Letter of Credits ... etc)

Special Letters of Credit
o Deferred Payment (Usance) Letter of Credit
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