Letter of Credit

Trust Receipt or TR is a document that comes into play when a buyer has a loan or any other arrangement, such as a… Read Article

A letter of credit is a legal financial document issued by a bank or a financial institution. This document is a promise to pay… Read Article

Due to the uncanny similarity in their names – many people get confused between a letter of credit and line of credit. However, the… Read Article

A letter of guarantee is a written contract that the bank issues on behalf of its customers who enter a sale agreement to buy… Read Article

What is a Letter of Credit Financing?It is common knowledge that a letter of credit is a payment instrument for international trade, but not… Read Article

Revocable Letter of Credit – MeaningA revocable letter of credit is a type of letter of credit in which the issuing bank can amend… Read Article

To understand the letter of credit mechanism, it is very important that we first understand what a letter of credit is and why it… Read Article

A sight letter of credit is a special type of letter of credit in which the payment term “sight” is used in a letter… Read Article

MeaningA revolving letter of credit is a single letter of credit that covers multiple transactions over a long period of time. It is very… Read Article