LETTERS OF CREDIT - GLOSSARY OF TERMS - APPLY FOR LETTERS OF CREDIT FUNDING

Acceptance Bill of Exchange Advance Payment Advising Bank Airway Bill All Risk Insurance Amendment Applicant Assignment Avalisation Back-to-Back Letter of Credit Bankers Draft Bank Guarantee Beneficiary Bill of Exchange Bill of Lading Blank Endorsement Carriage Paid To (CPT) Carrier Case of Need Cash Cover Certificate of Analysis Certificate of Origin Cost Freight-CFR Charter Party Bill of Lading Cost Insurance Freight-CIF Carriage Insurance Paid-CIP Clean Collection Collecting Bank Collection Collection Order Combined Transport Bill of Lading Commercial Document Commercial Invoice Commitment Fee Compliant Document Confirmed Letter of Credit Confirming Bank Consignee Constructive Control Consular Invoice Correspondent Bank Counter Credit Country Risk Cover Note Currency Option Deed of Assignment Deed of Protest Delivered at Frontier (DAF) Delivered Duty Paid (DDP) Delivered Duty Unpaid (DDU)

Delivered Ex-Quay (Duty Paid) Delivered Ex-Ship (DES) Demurrage Discounting of Bills Documentary Collection Documentary Credit Document of Title Draft Drawee Drawer Endorsement Engagement Expiry Date Ex-Works (EXW) Financial Documents Fixed Forward Ccontract Forward Ccontract Free Alongside Ship Free Carrier (FCA) Free On Board (FOB) Freight Forwarders Receipt Guarantee Householder Protest Incoterm Institute Cargo Clauses Insurance Certificate Insurance Cover Note Insurance Policy International Chamber of Commerce Invoice Inward Collection Inward Letter of Credit Irrevocable Letter of Credit Issuing Bank Latest Shipment Date Letter of Credit Mail Transfer Maturity Date Negotiating Bank Negotiation Nostro Vostro Accounts Note Notify Party Open Account Opening Bank Order Outward Collection Outward Letter of Credit Packing List Payee

Paying Bank Political Risk Postal Receipt Pour Aval Presentation Presentation Period Presenting Bank Prime Letter of Credit Principal Promissory Note Protest Quay Recourse Red Clause Reimbursing Bank Release Note Remitter Remitting Bank Restrictive Endorsement Revocable Letter of Credit Revolving Letter of Credit Road Consignment Note Second Beneficiary Second Issuing Bank Second Letter of Credit Shipper Sight Bill Spot Rate Standby Letter of Credit Statement of Default Swift Taking In Charge Telegraphic Transfer Term Bill Title Document To Order Transferable Letter of Credit Transportation Document Transhipment Unconfirmed Letter of Credit Uniform Customs Practices (UCP) Uniform Rules for Collections (URC) Value Date Vostro Account Warehouse-To-Warehouse Weight Note

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