Letter of credit to which the advising bank has added its own, independent undertaking to honor presentation of the required documents, i e , pay the beneficiary at sight or at maturity, as specified by the L/C See also "silent confirmation "
A letter of credit issued by a foreign bank, which was deemed valid by an American bank The confirmed letter of credit assures the exporter payment even if the foreign buyer or the foreign bank defaults
A letter of credit, issued by a foreign bank, with validity confirmed by a U S bank An exporter who requires a confirmed letter of credit from the buyer is assured of payment by the U S bank, even if the foreign buyer or the foreign bank defaults
Letter of credit in which a bank (usually) in the seller's country adds its own payment undertaking to that of the Issuing bank Protects against country risk and bank risk as well as customer credit risk
A letter of credit, issued by a foreign bank, with validity confirmed by a U S bank When confirmed, the U S bank undertakes responsibility for payment even if the foreign buyer or bank defaults
A letter of credit, issued by a foreign bank, the validity of which has been confirmed by a domestic bank An exporter whose payment terms are a confirmed letter of credit is assured of payment by the domestic bank, even if the foreign buyer defaults
A letter of credit, issued by a foreign bank, with validity confirmed by a domestic bank An exporter who requires a confirmed letter of credit from the buyer is assured of payment by the domestic bank even if the foreign buyer or the foreign bank defaults
a letter of credit, issued by a foreign bank, that a domestic bank says is valid An exporter with a confirmed letter of credit will be paid by the domestic bank, even if the foreign buyer or the foreign bank defaults See Letter of Credit
A letter of credit, issued by a foreign bank, the validity of which has been confirmed by a U S bank An exporter whose payment terms are a confirmed letter of credit is assured of payment by the U S bank even if the foreign buyer or the foreign bank defaults See Letter of credit (Also see Chapter 13 )
A letter of credit, issued by a foreign bank, the validity of which has been confirmed by another bank usually in the seller's country An exporter presenting conforming documents against a confirmed letter of credit is assured of payment by the confirming bank, even if the buyer or the opening bank defaults