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Confirmed Letter of Credit

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Confirmed Letter of Credit
A letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit.
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The cost is about the same as it is for a confirmed letter of credit without any of the paperwork.
Safe harbors for overseas shipments by Stroh, Leslie / Financial Executive
This order is financed by an irrevocable confirmed letter of credit and is to be fulfilled by May 13, 2003.
Nettel Trading, Providential Holdings' Recent Acquiree, Receives Firm ... by Business Wire
EXIM Bank paid upon shipment through an irrevocable confirmed letter of credit.
Cyber Digital, Inc. Receives Contract Award for $11.6 Million by Business Wire
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