preadvice

Definition

Preliminary information about a letter of credit (L/C) sent by the issuing bank to the advising bank where time is short. It notifies the recipient that the named buyer has opened an L/C of a specified amount for a named seller (beneficiary), and usually includes the statement "the credit will follow" or words to the effect. Depending on the jurisdiction, a preadvice may or may not irrevocably commit the issuing bank to actually issue the said L/C. Therefore, the advising bank generally does not issue an advice of credit but only notifies the beneficiary of the receipt of preadvice so that he or she (if willing) may proceed with the processing of the buyer's order. Also called preliminary advice.

单词	preadvice
释义	preadvice Definition Preliminary information about a letter of credit (L/C) sent by the issuing bank to the advising bank where time is short. It notifies the recipient that the named buyer has opened an L/C of a specified amount for a named seller (beneficiary), and usually includes the statement "the credit will follow" or words to the effect. Depending on the jurisdiction, a preadvice may or may not irrevocably commit the issuing bank to actually issue the said L/C. Therefore, the advising bank generally does not issue an advice of credit but only notifies the beneficiary of the receipt of preadvice so that he or she (if willing) may proceed with the processing of the buyer's order. Also called preliminary advice.
随便看	control activities control chart control cycle control environment controllability controllable costs controllable risk controllable variables controlled area controlled atmosphere packaging (CAP) controlled business controlled circulation controlled foreign corporation (CFC) controlled insurance controlled item controlled substance controlled trust controlled variable controlled variation controller control limits controlling controlling interest control mechanisms control person