Letter of Credit Guide - Features, Importance & When To Use It

• Ad ID #00022205
• Views 49
• Contact Person Emerio Banque
• Contact Number 442030597831
• Added on December 22, 2020
• Last Updated 3 years ago
• Location: United Kingdom
• Price: Check with Seller
• https://www.emeriobanque.com/blogs/letter-of-credit-guide-features-importance-when-to-use-it

A Letter of Credit or “Payment Credit Letter” is a legal document issued from a bank, guaranteeing that the seller will receive their payment on-time from the buyer for their delivered services with the said amount. In the event, if the buyer is not capable of making the payment or performing the terms & conditions of the agreement on-time, then, the issuing bank will be responsible to cover the full or remaining amount from the importer.