Facilitate Smooth Domestic and International Trade with LCs

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2021-10-21 09:19:20 - Перевод -

A Letter of credit or an LC is an effective method of expediting easy domestic and international trade transactions between two parties by ensuring efficient payment. This is done by a bank or a financial institution acting as a third party between the buyer and the seller, wherein the bank guarantees the payment on fulfilment of the terms and conditions mentioned in the Letter of Credit....

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