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#1
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| There is no problem transfer the LC to the factory in China. The transferee’s bank will advise to the transferor’s bank once the LC is received. We will also send them a copy once the LC is done. Please don’t worry. They have been received three sets transferable LC last week. |
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#2
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| Dear Zoe: Quote:
Petra PS: What do 'LC' and 'TT' stand for? Knowing this will help with interpretation of your correspondence. Thanks! |
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#3
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| Hi Petra, Thank you for your correct. 1. My meaning of sign back - consent and signature the letter then return back to the bank 2. The receiving bank will notify the bank of origin once the LC is received. (Unless 'transferee' and 'transferor' are commonly understood terms in your industry, in which case you should use them.) - Yes, it is better for your sugguestion as 'transferee' and 'transferor' is not commonly 3. LC and TT - They are payment terms LC = Letter of credit : We need send the document to bank after shipment, draw the money via bank from customer TT = Telegraphic Transfer Regards Zoe |
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#4
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| Hi, Zoe: Quote:
Petra |
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