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Letter of Credit | Meaning & Process explained in International Trade 2 года назад


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Letter of Credit | Meaning & Process explained in International Trade

A Letter of Credit/LC is also known as a documentary credit. It is a document issued on the importer's behalf. Also, it acts as an economic guarantee for the exporter as he is assured of the payment. To have in-depth knowledge of the term, you can read our articles:- https://www.dripcapital.com/resources... https://www.dripcapital.com/resources... In this video, we have covered:- 1. What is a Letter of Credit 2. Why is it required 3. How it works

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