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glossary of general terms
Documents & Contracts

RFQ

 Request for Quote
LOI Letter of Intent
SO Soft Offer
FCO Full Corporate Offer
ICPO Irrevocable Corporate Purchase Order
DRAFT Electronic Amendable Contract
HARD COPIES Final, printed contracts sent via courier
NCNDA Non-Circumvention, Non-Disclosure Agreement
POP Proof of Product
POF Proof of Funding
ASWP Any Safe World Port
Banking Instruments
LC Letter of Credit - issued & guranteed by the bank for the full amount of the contract
DLC Documentary Letter of Credit - issued & guranteed by the bank for the full amount of the contract, each shipment paid
RDLC Revolving Documentary Letter of Credit - issued in the amount of each shipment at a time
ARDLC Automatic Documentary Revolving Letter of Credit - automatically reinstated and guaranteed successively in the amount of each shipment for a pre-set schedule as decided between parties.
FFDLC Fully Funded, Revolving Documentary Letter of Credit
SBLC Standby Letter of Credit
BCL Bank Comfort Letter
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