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Letters of Credit (L/C)

What Letters Of Credit (L/C) Is Letters of Credit (L/C) is in general a conditional document extended by the bank in connection with presentation of export value. L/C plays a very dominant role in this matter. On receipt of this document from the buyer, the exporters become sure that they would obtain foreign currency after the peaceful shipment of the consignment directed by the buyer in the L/C. And for monetary transactions in this connection the negotiating banks stand as a symbol of surety for the exporters. Negotiating bank act on behalf of the exporter and is held liable or responsible for realization of exporter’s money from the L/C opening bank. A credit may be advised to a beneficiary through another bank (the advising bank) without engagement on the part of the advising bank, but that bank shall take reasonable care to check the apparent authenticity of the credit which it advises. All credits will always clearly indicate whether they are available by sight paymen...

Important Terms Used in Knitting Sector:

Some important terms of knitting have presented in the below: 1. Course: A course is a predominantly horizontal raw of needle loops which is produced by adjacent needles during the same knitting cycle is known as course.  In case of weft knitted fabric , a course is composed of yarn from a single supply termed as a course length (Number of loop × Loop length). 2. Wales: In knitting sector, a wale is a predominantly vertical column of inter-meshed needle loops which is generally produced by the same needle knitting cycles i.e. the no. of vertical columns of loop of knit fabric is known as wales. In case of warp knitting, a wale can be produced from the same yarn . It should be noted here that, wales are connected together across the width of the fabric by sinker loops (weft knitting) or under laps (warp knitting). 3. Needle: A needle is a hooked metal part which is used for the formation f loops. It is the principle knitting elements of the knit...

MS office Shortcut Keys

Shortcuts Keys Operation Ctrl+X Cut Ctrl+C Copy Ctrl+V Paste Ctrl+Z Undo Ctrl+Y Redo Ctrl+S Save Ctrl+P Print Shortcuts for moving around easily / quickly in Word Home Beginning of line End End of line Ctrl + Home Go to start of document Ctrl + End Go to end of document Right Arrow Right one character Left Arrow Left one character Ctrl+Right Arrow Right one word Ctrl+Left Arrow Left one word Up Arrow Up one line Down Arrow Down one l...