Letter of credit
This query is : Resolved
13 July 2013
What is meant by Letter of Credit, how it is used what is the purpose of it. What is the procedure to get it.
13 July 2013
A letter of Credit is the Buyer’s Banker’s promise to the Bank of the Seller / Exporter that the bank will honor the Invoice presented by the Exporter on due date and make payment,
13 July 2013
correctly explained.
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