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Glossary on Leather Bags |
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Revocable |
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Applied to letters of credit. A revocable letter of credit is one which can be altered or canceled by the buyer after he has opened it through his bank. See "Irrevocable." |
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Shipping Documents |
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Commercial invoices, bills of lading, insurance certificates, consular invoices, and related documents. |
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Ship\'s Manifest |
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A true list in writing of the individual shipments comprising the cargo of a vessel, signed by the captain. |
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Sight Draft (S/D) |
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A draft so drawn as to be payable upon presentation to the drawee or at a fixed or determinable date thereafter. See "Documents Against Acceptance," "Documents Against Payment." |
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