Alternative forms of Documentary Credits
{"Image DocumentName": "Alternative forms of Documentary Credits", "Image ImageDescription": "Revolving LC basics. Beneficiaries prefer a cumulative, automatic revolving credit as they. have a bank undertaking for the full amount of the value of their. goods. Banks prefer a non-cumulative or cumulative, but non-automatic. revolving credit as it limits the banks exposure to the value of one. revolvement. A non-cumulative revolving credit allows the bank to reduce their. liability by any undrawn balance within any revolvement period. A cumulative automatic revolving credit could, possibly, allow the. Beneficiary to draw the full value in the final segment of the credit.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}