In international trade, the Letter of Credit (LC) is a widely used financial instrument that guarantees payment between an importer and an exporter. It offers a secure mechanism that assures both parties about the timely payment of goods and services, as long as specific terms are met. For a successful transaction under an LC, thorough…

In international trade, the Letter of Credit (LC) is a widely used financial instrument that guarantees payment between an importer and an exporter. It offers a secure mechanism that assures both parties about the timely payment of goods and services, as long as specific terms are met. For a successful transaction under an LC, thorough…