Sample Letter of Credit

Sample Letter of Credit

Letter of credit plays an important role in international business. They are generally issued by bigger banks in order to pay a seller upon receipt of merchandise by a buyer provided the conditions stated in the letter have been fulfilled. You should keep in mind that the letter of credit submits documents for the goods instead of the goods themselves. Banks do not play any role in probing goods on behalf of their customers. Normally the documents applied for include a commercial invoice, a transportation document and an insurance certificate….

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