letter of credit?

[karthik.]

what is letter of credit (LC)?
what is its importance of it in exports and imports?

 

[abhishreshthaa]

here is the information about WHAT IS LETTER OF CREDIT and ITS IMPORTANCE IN IMPORT AND EXPORT..

please check the attached file

Letter of Credit

A letter of Credit is a commitment on the part of buyer bank to pay or accept draft drawn upon it provided draft do not exceed a specified amount.


Types of Letter of Credit

•Irrevocable

•Revocable

•Confirm

•Unconfirmed

•Clean Letter of Credit

•Fixed Credit

•Revolving Letter of Credit


:SugarwareZ-057:

 

[DHSanj]

liked the information provicded in a very good manner in the presentation

 

[rj031086]

Everything about LC in one file. Easy to understand. You can go thru it.