Letter of credit is the bank's obligation to make payments to a third party on behalf of the client. In world's current practice, letters of credit are increasingly used as the most demanded and secure form of payment between a buyer and a seller.
When companies cooperate internationally, they have to translate letters of credit into foreign languages.
Translation of letters of credit is required:
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To avoid the risks when starting cooperation with foreign partners.
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For the convenience of settlements.
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To ensure the transparency of contractual relationships.
A letter of credit is a settlement document. Therefore, the translation should accurately convey all the original information.
Edelweiss provides translation services for such letters of credit as:
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Revocable and irrevocable letters of credit
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Confirmed letters of credit
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Covered and uncovered letters of credit
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Revolver letters of credit
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Circular letters of credit
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Stand-by letters of credit
and other related documents.
All employees of our Financial Translation Department are also specialists in the field of economics and finance.
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