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Here, Tradeindia's members can exchange ideas and ask for help on trade-related issues. To participate, you must be a member of Tradeindia.com. We have assigned moderators to facilitate these discussions. |
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Posted on 18th June 2009 at 08:37:00 |
Mr. Mohd Aslam Ansari
CEO
Succulent Rug Services
Bhadohi, India
Free Member
Joined :05/03/2005
No of Topics Posted : 1
Reply/Comments : 0
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TOPIC : Best type of Letter of Credit (L/C)?
What is L/C?
Which type of L/C is better to do business globally?
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Posted on 24th June 2009 at 12:15:00 [Message #2212
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Mr. Kalpesh V Patel
Proprietor
Patidar Corporation
Ahmedabad, India
Free Member
Joined :03/24/2006
No of Topics Posted : 1
Reply/Comments : 9
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Re: Best type of Letter of Credit (L/C)?
pl find a two type of L/C
Letter of Credit (L/C)------A letter issued by an importer's bank guaranteeing payment upon presentation of specified trade documents (invoice, bill of lading, inspection and insurance certificates, etc.).
Letter of Credit(L/C)-----A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.
Thanks
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Posted on 28th June 2009 at 00:00:00 [Message #2223
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Mr. Ramesh
CEO
Ohm Sakthi Enterprises
Chennai, India
Free Member
Joined :04/11/2009
No of Topics Posted : 0
Reply/Comments : 1
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Re: Best type of Letter of Credit (L/C)?
Our suggestion mostly confirm L/C or L/C site better u can apply ecgc insurance better some time both l/c give un seller or buyer fake document send bank so u can check it all details including B/L so be careful deal export business most of exporter safering carry on all the best
regds
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