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	<title>PressMarts &#124; Printing and Publishing Articles &#38; Blogs &#187; L/C</title>
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		<title>Sample L/C &#8211; Contract</title>
		<link>http://pressmarts.com/blog/payment-terms/sample-lc-contract</link>
		<comments>http://pressmarts.com/blog/payment-terms/sample-lc-contract#comments</comments>
		<pubDate>Wed, 08 Jul 2009 11:44:58 +0000</pubDate>
		<dc:creator>admins</dc:creator>
				<category><![CDATA[Letter of credit]]></category>
		<category><![CDATA[Payment Terms]]></category>
		<category><![CDATA[contract]]></category>
		<category><![CDATA[L/C]]></category>
		<category><![CDATA[letter of credit]]></category>
		<category><![CDATA[LOC]]></category>
		<category><![CDATA[sample L/C]]></category>

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		<description><![CDATA[June 1, 2004
Interwoven, Inc.
803 11th Street
Sunnyvale, CA  94089
This letter is to confirm that WELLS FARGO BANK, NATIONAL ASSOCIATION (&#8221;Bank&#8221;),
subject to all terms and conditions contained herein, has agreed to make
available the credit described below to INTERWOVEN, INC. (&#8221;Borrower&#8221;):
1. A commitment for the issuance of standby letters of credit for the account of
Borrower (each, a &#8220;Letter [...]]]></description>
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		<title>Understanding and Using Letters of Credit, Part I</title>
		<link>http://pressmarts.com/blog/payment-terms/understanding-and-using-letters-of-credit-part-i</link>
		<comments>http://pressmarts.com/blog/payment-terms/understanding-and-using-letters-of-credit-part-i#comments</comments>
		<pubDate>Wed, 08 Jul 2009 11:41:36 +0000</pubDate>
		<dc:creator>admins</dc:creator>
				<category><![CDATA[Letter of credit]]></category>
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		<description><![CDATA[Understanding and Using Letters of Credit, Part I
Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. There are basically two types: commercial and standby. The commercial letter of credit is the primary payment mechanism for a transaction, whereas the standby [...]]]></description>
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		<title>L/C , LOC , Letter of Credit</title>
		<link>http://pressmarts.com/blog/payment-terms/lc-loc-letter-of-credit</link>
		<comments>http://pressmarts.com/blog/payment-terms/lc-loc-letter-of-credit#comments</comments>
		<pubDate>Sat, 04 Jul 2009 12:40:40 +0000</pubDate>
		<dc:creator>admins</dc:creator>
				<category><![CDATA[Letter of credit]]></category>
		<category><![CDATA[Payment Terms]]></category>
		<category><![CDATA[L/C]]></category>
		<category><![CDATA[letter of credit]]></category>
		<category><![CDATA[LOC]]></category>

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		<description><![CDATA[Letter of credit
After a contract is concluded between buyer and seller, buyer&#8217;s bank supplies a letter of credit to seller.
Seller consigns the goods to a carrier in exchange for a bill of lading.
Seller provides bill of lading to bank in exchange for payment. Seller&#8217;s bank exchanges bill of lading for payment from buyer&#8217;s bank. Buyer&#8217;s [...]]]></description>
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