All about Letter of credit facility in Import/Export business and working capital finance.
Learn about:
1. Detailed working methodology of Letter of credit.
2. Need of Letter of credit facility.
3. Type of LC's covering Inland/Foreign LC, Sight/Usance LC, With/Without recourse LC, Capex LC and Revocable/Irrevocable LC.
4. Payment terms in LC like at sight, After sight, After date etc.
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Негізгі бет Lecture 32: What is Letter of credit (LC) for importers? Does it used for domestic buying as well?
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