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Spanish dictator Francisco Franco and the American President Dwight D. Eisenhower in Madrid in 1959.. The Pact of Madrid, signed on 23 September 1953 by Francoist Spain and the United States, was a significant effort to break the international isolation of Spain after World War II, together with the Concordat of 1953.
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.
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.
Created Date: 8/30/2012 4:52:52 PM
Pact of Madrid; Convention on the Political Rights of Women; Protocol for Limiting and Regulating the Cultivation of the Poppy Plant, the Production of, International and Wholesale Trade in, and Use of Opium
A formal alliance commenced with the signing of the Pact of Madrid in 1953. Spain was then admitted to the United Nations in 1955. American poet James Wright wrote of Eisenhower's visit: "Franco stands in a shining circle of police. / His arms open in welcome. / He promises all dark things will be hunted down." [63]
The Concordat of 1953 was the last classic concordat of the Catholic Church, signed on 27 August 1953 by Spain (under the rule of Francisco Franco) with the Vatican (during the pontificate of Pope Pius XII).
The Spanish Syndical Organization [1] [2] [3] (Spanish: Organización Sindical Española; OSE), popularly known in Spain as the Sindicato Vertical (the "Vertical Trade Union"), was the sole legal trade union for most of the Francoist dictatorship.