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Letter of credit

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(Querist)
30 November 2011 I WANT TO ASK THAT HOW COMPANY IS BENIFITED BY USING LETTER OF CREDIT.

PS: I THINK ITS LOSS TO A COMPANY (OPPURTUNITY LOSS AND / OR COST)
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vijayakumar.sure

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vijayakumar.sure (Expert)
01 December 2011 Dear Saurin,

How can you say that LC is opp loss? What did u understand from LC arrangement? Need to know your thought process?

bye

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