1. Dictionary
  2. Special documentary credit liability (SPECIAL DOC L/C)

Special documentary credit liability (SPECIAL DOC L/C)

Some documentary credits may allow for a negotiable set of documents to be forwarded direct to the customer as well as to the bank/branch concerned. In this case the customer could gain control of the goods before they have paid for them. This is a direct liability from the time of establishment of the credit.

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