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Letter of credit

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(Querist)
01 September 2013 what is the diff between letter of credit and bank gurante
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Anil Sankar V

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Anil Sankar V (Expert)
01 September 2013 Both are one at the same, if viewed in different angle.but the difference is BG is guarntee given by bank.LC is used for customs purpose.
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Anil Sankar V

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Anil Sankar V (Expert)
01 September 2013 Both are one at the same, if viewed in different angle.but the difference is BG is guarntee given by bank.LC is used for customs purpose.
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