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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/blog/letter-of-credit-lc https://www ...
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