Letter of Credit - Examples

Letter of Credit Example

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
Letter of Guarantee

Letter of Guarantee

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
letter-of-credit-finance

Letter of Credit Finance

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

Revocable Letter of Credit

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
Inland Letter of Credit

Inland Letter of Credit

MeaningAn inland letter of credit is exactly like a regular letter of credit. The only difference between the two is that a regular letter… Read Article
usance letter of credit

Usance Letter of Credit

What is a Usance Letter of Credit?A usance letter of credit is a specific type of letter of credit that allows a predetermined credit… Read Article
Sight Letter of Credit

Sight Letter of Credit

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
Revolving Letter of Credit

Revolving Letter of Credit

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