Bank Letter of Credit
Bank letter of credit known as ‘Documentary Credits’ is the most accepted instrument of settling international trade payments. A Letter of Credit is an arrangement whereby Bank acting at the request of a customer (Importer / Buyer), undertakes to pay for the goods / services, to a third party (Exporter / Beneficiary) by a given date, on documents being presented in compliance with the conditions laid down.
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Letters of Credit: How Letters of Credit Work @ 1.00 and Financeseva
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Letters of Credit: How Letters of Credit Work @ 1.00 and Financeseva

Do you require a Letter of Credit from the Bank, How Letter of Credit in Delhi works, It is a letter from the bank guarantee to conclude your import deal?

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