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Polina Posted 21 years ago
Business & Finance

DL/C if someone should know what it is

hello! I would be very grateful if someone explained what this DL/C means when connected with payment: is it a form of payment or procedure or something else..?

Thank you
  

Top answer

Hello, Polina-- welcome to English Forums. I don't know it and I cannot find it on the WWW-- could you give us a bit more context, the sentence or other text that surrounds it?

— Mister Micawber

  • Hello, Polina-- welcome to English Forums.
  • I don't know it and I cannot find it on the WWW-- could you give us a bit more context, the sentence or other text that surrounds it?
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4 Answers
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Hello, Polina-- welcome to English Forums.

I don't know it and I cannot find it on the WWW-- could you give us a bit more context, the sentence or other text that surrounds it?
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Hello, Mister Micawber! Thank you for your attention to my question!

This DL/C appears in a letter of intent. It must be a condition under which the company is going to make a purchase.

Ex: Origin: Japain; Procedure of payment: to be agreed in the contract; Payment: [color=red]DL/C[/color]

Thank you
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Found it, Polina!--

This is from a contract:

PAYMENT: By Irrevocable, Transferable, Divisible, Revolving Documentary Letter of Credit (DL/C), payable 100% at sight, payable and/or confirmed by Top 25 Prime World Bank to cover each month's shipment in favor of the Seller.
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Thank you very much!!!
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