Letter of Credit (LC)

  • 0

Letter of Credit (LC)

Tags :

Category : Uncategorized

Letter of Credit is one of the oldest and most standard forms of payment for transactions in international trade. It posses a risk to export goods to a foreign company without any assurance of payment. Exporters generally ask for substantial deposits or other payment guarantees which are not desirable if the buyer does not present a letter of credit.

Leave a Reply