A Letter of Credit is an undertaking given by LC issuing bank / on behalf of importer (buyer) to pay for the goods upon providing documentary evidence of the shipment of the goods in strict compliance with the terms and conditions of the LC. The Export LC provides exporters with the confidence to allow them to ship their goods prior to the receipt of payment. With export letter of credit, you can export goods and be assured that you will receive payment in strict compliance with the L/C stipulated terms and conditions from the LC issuing bank.
Export LC (Advising / Confirming / Negotiation/ Discounting)
Export LC (Advising / Confirming / Negotiation/ Discounting)