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Published in:
2019 | OriginalPaper | Chapter
15. Scrutiny of Documents: Procedures
Authors : Tarsem Bhogal, Arun Trivedi
Published in: International Trade Finance
Publisher: Springer International Publishing
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Abstract
Documentary Credits: Documentary credits are classic instruments for financing purchasing of foreign goods and foreign equipment. They may provide assistance to the issuing bank to grant financial facility to the importer. They may also provide assistance to the advising/confirming bank to grant financial facility to the exporter.