banner_ad

LETTER OF CREDIT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 October 2016 what is the difference between letter of credit and letter of comfort? pls explain..
Profile Image

Dr.RAMAKRISHNA. C

Profile Image

Dr.RAMAKRISHNA. C (Expert)
04 October 2016 Letter of credit is an undertaking through bnking channerl from buyer to seller ( beneficiary) undertaking to purchase merchandise subject to proof of submission of documents on shipment of goods. Letter of comfort is an assurance about a debt, short of a legal guarantee, given to a bank by a third party
Profile Image

TANVI

Profile Image

TANVI (Querist)
04 October 2016 sir, can you elaborate more by giving a practical example?
Profile Image

Dr.RAMAKRISHNA. C

Profile Image

Dr.RAMAKRISHNA. C (Expert)
06 October 2016 There are no practical examples. They are commercial documents in International Trade.
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
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details