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agency contract
Correspondent
Issuing Bank
Bank
L/C
contract to
L/C advice
issue L/C
sales contract
Buyer Seller
shipment
Credit = L/C
UCP 600 and Its Legal Aspects, Dr. Ramlan 4
Ginting, 2007
Meaning of Honour
under UCP 600, Article 2
To pay at sight
To incur a deferred payment undertaking and pay at
maturity
To accept a bill of exchange drawn by the
beneficiary and pay at maturity
Courier receipt
Indication of the name of the courier service
Be stamped or signed by the named courier service