Facilitate Smooth Domestic and International Trade with LCs
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.
https://www.diigo.com/user/rnrtradeco/b/609668604
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.
https://www.diigo.com/user/rnrtradeco/b/609668604
Facilitate Smooth Domestic and International Trade with LCs
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.
https://www.diigo.com/user/rnrtradeco/b/609668604
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