L/C-:L/C means letter of credit.The letter or document issued by a bank in favor of buyer which ensure the certainty to pay the price of product or goods to the manufacturer is called L/C. L/C is an important document in export,import business. …… There are two type of L/C. 1.Master L/C or Mother L/C: The main L/C which is receive by the manufacturer from buyer side, that is called Master L/C. 2.Back to back L/C: If any L/C is opened against the master L/C then it is called back to back L/C. #Fuad
Posted on: Fri, 29 Nov 2013 09:01:53 +0000
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