Letter of credit


This query is : Resolved 

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

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.

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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