The LC is deemed to be transferable only if it is stated to be ‘Transferable’ in the LC. Second beneficiary has no right to transfer to third beneficiary. However, he can retransfer to the first beneficiary. … Further the second beneficiary must be a shipper / manufacturer or supplier ofRead More →
Sometimes the bills receivable discounted with the bank is dishonoured by the drawee. In such a case, the amount of bill has to be paid to the bank. If the account is maintained with the same bank, bank may debit the account of customer instead of receiving payment. When billRead More →
In general, a higher the discount means that there is a greater the level of risk associated with an investment and its future cash flows. Discounting is the primary factor used in pricing a stream of tomorrow’s cash flows. Why do we discount cash flows at WACC? This helps determineRead More →