Letter Of Credit(LoC) For Assured Payment to beneficiary Bank.

Описание к видео Letter Of Credit(LoC) For Assured Payment to beneficiary Bank.

*A payment undertaking given by issuing bank
On behalf of a buyer/Importer (applicant).
*To pay a seller/Exporter (beneficiary) for a given amount of money.
*On presentation of specified documents representing the supply of goods Within specific time period.
*Documents must conform to terms and conditions set out in the letter of credit.

Different Types Of "Letter Of Credit"
DP or Sight LC
DA or Usance LC
Revolving LC
Irrevocable LC
Confirmed LC
Red Clause LC
Green Clause LC
Back To Back LC

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