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  1. #1
    mr.fox Guest

    Default the meaning of the word "English drawn"

    I just want to know the meaning of this word in the bank document that I had received. I need some help and explanation. Thank you very much.

    We undertake with the beneficiary that all drafts and/or documents presented in English drawn under and in conformity with the Letter of Credit terms and conditions will be duly honored by us within 3 banking days from the date that we have determined that the documents are in full compliance with the L/C's terms and conditions.

  2. #2
    mykwyner is offline Key Member
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    Default Re: the meaning of the word "English drawn"

    It means this:

    "We undertake with the beneficiary that all drafts and/or documents presented in English (that are) drawn under and in conformity with the Letter of Credit..."

  3. #3
    Mr. Fox is offline Newbie
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    Default Re: the meaning of the word "English drawn"

    Ma'am, I need more elaboration or explanation as to what they are trying to emphasize on the letter. Thank you very much as this is very important to me. I want to understand exactly this whole phrases.

  4. #4
    mykwyner is offline Key Member
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    Default Re: the meaning of the word "English drawn"

    Sorry, I am an English teacher, not a lawyer or banker. I would hate to give you advice on a subject that I am not trained in. In your case, the verb draw[n] means to withdraw funds from an account, or, in your case, a letter of credit.

    P.S. I am a sir, not a ma'am

  5. #5
    Anglika is offline No Longer With Us
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    Default Re: the meaning of the word "English drawn"

    Quote Originally Posted by mr.fox View Post
    I just want to know the meaning of this word in the bank document that I had received. I need some help and explanation. Thank you very much.

    We undertake with the beneficiary that all drafts and/or documents [presented in English] [drawn under and in conformity with] [the Letter of Credit terms and conditions] will be duly honored by us within 3 banking days from the date that we have determined that the documents are in full compliance with the L/C's terms and conditions.

    ...The documents that are presented and are written in English, which have been correctly drawn up (drafted/written) to conform with the rules governing the issue of Letters of Credit...

  6. #6
    Mr. Fox is offline Newbie
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    Default Re: the meaning of the word "English drawn"

    Ma'am, thank you very much for your brief but clear explanation about this word. I just want to be sure that I will comply and understand correctly on what has been written on the bank document. This site is very helpful for all the people who needs opinions from an English expert like you and gain more knowledge about some confusing english words. More power to all of you!

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