A commercial letter of credit is a contractual agreement between a bank, known as the issuing bank, on behalf of one of its customers, authorizing another bank, known as the advising or confirming bank, to make payment to the beneficiary. The issuing bank, on the request of its customer, opens the letter of credit. The issuing bank makes a commitment to honor drawings made under the credit. The beneficiary is normally the provider of goods and/or services. Essentially, the issuing bank replaces the bank's customer as the payor.
#7. Cmdr. DragoRaceX Jun 13 @ 10:01am. Originally posted by CMDR BrandNarb:The Federal Corvette will probably be a little over the anoconda in price, i do think you might have to be high rank in the federation. wich i hope you dont because the ranking system is broken.frontier even admitted it. im sure it will have something like 300 cargo and maybe 5-6 hardpoints.o that is one rank below Post Commander, the previous highest federal rank, before 1.3.. #6. Brand Jun 12 @ 1:54pm. The Federal Corvette will probably be a little over the anoconda in price, i do think you might have to be high rank in the federation. wich i hope you dont because the ranking system is broken.
Current versions of the 2015 Corvette are priced from $53,000 for the standard Stingray Coupe and Convertible, rising quickly to $78,995 for the new 650-hp Z06. The Corvette wasn't always a spec-slayer. The first 1953 models featured solid rear axles and inline-6s, though in 1955, the V-8 became standard.