Letter of Credit

Comprehensive Guide to Letter of Credit (LC) Documentation: Key Points, Terms, and Bank Roles

Letter of Credit (LC) Documentation: Key Points, Terms, and Bank Roles

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 […]

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Letter of Credit by Rohitashva Singhvi

What is Letter of Credit & How to get it financed?

What is LC (Letter of Credit)? “LC” typically stands for “Letter of Credit.” A Letter of Credit is a document issued by a bank that guarantees payment to a seller for goods or services, provided that certain conditions are met. Essentially, the bank acts as an intermediary between the buyer and the seller, ensuring that

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