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Beneficiary |
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The party in whose favour the documentary credit is to be issued and the party who must comply with the credit's terms and conditions. |
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Contact party 1 |
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First party to contact. |
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Ordered bank (SWIFT Code) |
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The financial institution which is instructed by the ordering party to act on the transaction. |
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Payee (SWIFT Code) |
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Identifies the credit party when other than the beneficiary. |
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