LC Assessment: Vikas Anand Y. G. Gurnani
LC Assessment: Vikas Anand Y. G. Gurnani
LC Assessment: Vikas Anand Y. G. Gurnani
VIKAS ANAND
Y. G. GURNANI
Definition:
A Letter of Credit (LC) also known as a Documentary
Credit is a conditional payment mechanism used in
International Trade to provide a financial guarantee from
a credit worthy bank to an exporter of goods.
It is used extensively as many of the times, the seller have
very little or no information about the buyer’s financial
standing.
8. LC Limit required Q xT
Visibility of margin.
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