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Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.
Loc. cit. (Latin, short for loco citato, meaning "in the place cited") is a footnote or endnote term used to repeat the title and page number for a given work (and author). Loc. cit. is used in place of ibid. when the reference is not only to the work immediately preceding, but also refers to the same page.
A letter of credit is a written document from a bank guaranteeing the seller of a product or service will be paid as long as the goods or services are provided, as specified. Letters of credit are ...
The abbreviation is used in an endnote or footnote to refer the reader to a cited work, standing in for repetition of the full title of the work. [1] Op. cit. thus refers the reader to the bibliography, where the full citation of the work can be found, or to a full citation given in a previous footnote.
The meaning is distinct from "unanimously"; "nem. con." simply means that nobody voted against. Thus there may have been abstentions from the vote. [citation needed] no. numero (singular), nos. (plural) "number" Used as a common abbreviation for "number" in all forms of writing. op. cit. opere citato "(in) the work cited"
Citations can also be placed as external links, but these are not preferred because they are prone to link rot and usually lack the full information necessary to find the original source in cases of link rot. In cases where citations are lacking, the template {} can be added after the statement in question.
Unlike a citation, it does not result in fines or penalties. Instead, it serves as a cautionary measure, alerting the driver to the infraction and emphasizing the importance of complying with ...