Full set clean on board Marine/Ocean Bill of Lading

09:48 Dec 11, 2010

English to Malay translations [PRO]
Bus/Financial - Finance (general) / Letter of credit

English term or phrase: Full set clean on board Marine/Ocean Bill of Lading

It is a shipping document required for the letter of credit application. Letter of credit is a binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the shipment of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.

Ima Marnida Mat Dani KudoZ activity Questions: 8 (1 open) (1 without valid answers) (1 closed without grading) Answers: 0 Malaysia
Local time: 13:25

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