Lc latter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2016
Dear Sir,
Plz expain the importance & use of LC
Latter and in which case it is required,
Regard
Prashant gupta
Plz expain the importance & use of LC
Latter and in which case it is required,
Regard
Prashant gupta
Amol S Joglekar
(Expert)
25 April 2016
it is letter of credit. Normally used in import-export trade. The letter is given by the bankers of the buyer
Rupesh Jain
(Expert)
29 April 2016
its also use as credit sources also as its term max 90 days. rate of intt. under LC is mostly lower than C/c limit or OD.
its use also purchase for import or inland seller.
its use also purchase for import or inland seller.
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