Letter of Credit

Meaning of Letter of CreditA letter of credit is a written undertaking by the buyer or the buyer’s bank, known as the issuing bank,… Read Article

Discounting of Letter of Credit (LC) is a short-term credit facility provided by the bank. In the Letter of Credit discounting process, the bank… Read Article

A letter of credit is a vital tool for facilitating international trade. It benefits both the importers and exporters. An import letter of credit… Read Article

LC is a complex product for new importers & exporters. It’s ideal to check the advantages and disadvantages of a letter of credit (LC)… Read Article

A letter of credit is an important financial tool in trade transactions. Trades use the LC to facilitate payments and transactions in both domestic… Read Article

A letter of credit (LC) is a financial document that facilitates international and domestic trade. It substitutes the bank credit for the credit of… Read Article