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| Name | Letter of Credit | Meaning & Process explained in International Trade |
| Video Uploader | Video From Drip Capital |
| Upload Date | This Video Uploaded At 16-06-2021 17:09:01 |
| Video Discription | A Letter of Credit/LC is also known as a documentary credit. It is a document issued on the importer's behalf. Also, it acts as an economic guarantee for the exporter as he is assured of the payment. To have in-depth knowledge of the term, you can read our articles:- https://www.dripcapital.com/resources/blog/letter-of-credit-lc https://www.dripcapital.com/resources/blog/types-of-letter-of-credit-lc In this video, we have covered:- 1. What is a Letter of Credit 2. Why is it required 3. How it works tUIziJCLTzE |
| Category | Education |
| Tags | letter of credit | what is letter of credit | letter of credit explained | letter of credit types | letter of credit in english | letter of credit process | letter of credit in international trade |
