Letter of Credit (LC): Parties, Types and Documents
In this article we will discuss about:- 1. Meaning of Letter of Credit (LC) 2. Parties Involved in the Letter of Credit (LC) 3. Types 4. Amendment of the Terms 5. Documents 6. Assessment of Exposure 7. Quantitative Assessment. Meaning of Letter of Credit (LC): Letter of credit is a letter issued by a bank at …
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