L/C, short for “Letter of Credit”, is a contractual payment instrument that guarantees the importer’s payment to the exporter when the exporter ships the goods to the importer in conformity with the terms and conditions in the sales contract and presents the required export documents to the advising bank.
Hello, my name is Ümit. I am a blogger and foreign trade specialist. This is my my blog, where I post stuff I like and share my knowledge about foreign trade hoping to be useful to people with export and import.
“Salt korkuyla herhangi bir devlet ayakta tutulamaz.”
Ulus Baker / Sanat ve Arzu Seminerleri -A (14.05.1998)