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documentary credit applicant

Concept · KTDDE Vocabulary (SKOS) · Draft

URI

https://iri.suomi.fi/terminology/a89c6af7a/concept-92

Terms

Preferred term, Draft

Definition

a party, usually the buyer/importer, that requests a bank to issue a documentary credit in favour of a beneficiary (seller/exporter) in order to secure payment for goods or services

Note

The applicant is responsible for reimbursing the issuing bank under the terms of the credit.

Organization

Finnish Tax Administration

Created at

Modified at

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