An export LC is an undertaking by the LC issuing bank on behalf of the importer (buyer) to pay you as the exporter for the goods upon providing documentary evidence of the shipment of the goods in compliance with the terms and conditions of the LC. Export LC provides exporters with the confidence to allow them to ship their goods prior to the receipt of payment.
Export LC (Advising/ Confirming/ Negotiation/ Discounting)
Export LC (Advising/ Confirming/ Negotiation/ Discounting)