reinstatement credits

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
Ozoda
Posts: 56
Joined: Wed Mar 11, 2009 5:50 pm

reinstatement credits

Post by Ozoda » Fri Mar 27, 2009 2:51 pm

Dear All,

Could you please give the explanation of "reinstatement credits".

Thank you.
Top
User avatar
shahriar
Posts: 923
Joined: Fri May 16, 2008 1:03 am
First Name: Shahriar
Last Name: Masum
Organization: Mutual Trust Bank
Filter: Two Plus Two =: 4
Location: Bangladesh

reinstatement letter of credit

Post by shahriar » Fri Mar 27, 2009 8:17 pm

the reference of a reinstate letter of credit can be found in ISP98. it can be compared with a revolving letter of credit. like a revolving letter of credit, it is issued for a specific amount and maximum amount of each reinstatement is also defined. generally a reinstatement is related to the occurrence of an event.
Top
SHAMEER
Posts: 50
Joined: Sun Mar 01, 2009 9:38 pm

reinstatement credits

Post by SHAMEER » Tue Mar 31, 2009 2:27 pm

It is nothing but revolving credits.

.

Regards

MS
Top
Post Reply

Return to “Letter of Credit Forum”