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Facilitate Smooth Domestic and International Trade with LCsA 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....0 Commentarios 0 Acciones 3K Views 0 Vista previa