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reinstatement credits
Posted: Fri Mar 27, 2009 2:51 pm
by Ozoda
Dear All,
Could you please give the explanation of "reinstatement credits".
Thank you.
reinstatement letter of credit
Posted: Fri Mar 27, 2009 8:17 pm
by shahriar
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.
reinstatement credits
Posted: Tue Mar 31, 2009 2:27 pm
by SHAMEER
It is nothing but revolving credits.
.
Regards
MS