Category Archives: Letter of Credit (LC)

Difference between Buyers Credit and Letter of Credit (LC)

To Avail Buyer’s / Supplier’s Credit: E: sanjaymandavia@gmail.com, M: +919825560186 1. LC is one of the payment mode used in the International Trade between importer and exporter to cover third-party credit risk. Meaning if the importer defaults, his bank will have … Continue reading

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