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LETTER OF CREDIT TERMS
Median accepts Letters of Credit only with the following terms:
LC's are only allowed by Median on orders over $50,000. Any order less than
$50,000 can be paid via Wire Transfer.
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What is letter of credit terms?
Letter of credit terms refer to the specific conditions and requirements outlined in a letter of credit agreement between a buyer and a seller.
Who is required to file letter of credit terms?
The buyer and seller involved in a transaction where a letter of credit is used are required to file the letter of credit terms.
How to fill out letter of credit terms?
Letter of credit terms can be filled out by including details such as the amount of credit, expiry date, documents required for payment, and any additional conditions agreed upon by the parties.
What is the purpose of letter of credit terms?
The purpose of letter of credit terms is to ensure that both parties in a transaction adhere to the agreed-upon conditions for payment and delivery of goods or services.
What information must be reported on letter of credit terms?
Information such as the amount of credit, expiry date, documents required for payment, and any additional conditions must be reported on letter of credit terms.
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