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documentary credit beneficiary

Concept · KTDDE Vocabulary (SKOS) · Draft

URI

https://iri.suomi.fi/terminology/a89c6af7a/concept-86

Terms

Preferred term, Draft

Definition

a party in whose favour a documentary credit is issued and who is entitled to claim payment from the issuing or confirming bank upon presentation of compliant documents

Note

In international trade, the documentary credit beneficiary is typically the seller or exporter of the goods or services covered by the credit.

Organization

Finnish Tax Administration

Created at

Modified at

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