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Guarantees and standby letters of credit and deferred payment in installments of

Guarantees and standby letters of credit and deferred payment in installments of

Posted on 2013-02-15 02:04:49

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A. installment in mechanical and electrical products, complete sets of equipment, ships and other large projects in the transaction, the exporter by the importer to design and manufacture products, and the turnover of the larger, often using the installment plan: Buyer prepaid part of the deposit, the progress of the remaining loans or delivery schedule by a number of points paid upon completion of delivery of the goods to pay or basic pay. This form, the buyer in advance of the partial payment before delivery, it is usually provided by the seller to the buyer bank guarantee or standby letter of credit, if the seller can not deliver or can not deliver as scheduled by the bank liable. Such as the buyer paid the purchase price and interest repayment, but also the number of liquidated damages provisions. B. similar transactions in the deferred payment, if requested by the buyer to the seller financing, can be deferred payment. After both parties signed, the buyer generally small advance deposit, progress can also be delivered by installments or to pay part of the purchase price, but most of the purchase price is paid in installments after the delivery of a number of years. This is the seller provides the buyer of commercial credit, it is usually submitted by the buyer to the seller bank guarantee or standby letter of credit. If the buyer can not be scheduled payment of principal and interest by the Bank for reimbursement. ?

2013-02-15 02:04:49
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