banner_ad

Letter of credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 November 2013 can u explain letter of credit with eg
Profile Image

CA.S. PRABHAKARAN

Profile Image

CA.S. PRABHAKARAN (Expert)
30 November 2013 www.youtube.com/watch?v=3KGhMXd_rN4‎

A letter of credit is a means of payment( a payment term in real sense,where seller has a commanding position) in a domestic or international transactions and is a secured process for receiving payment by a seller/exporter.

In a letter of credit transaction, there is a seller ( called beneficiary), a buyer, letter of credit opening bank and a bank advising letter of credit to seller.

I would request you to see a small video in youtube referred above.Your banker will advise you in detail about the process, conditions, charges etc.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details