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Q.

What is Documnetary Letter of Credit?

Tags: money, careers, education
Asked by Siachen, 17 Mar '10 03:21 pm
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Answers (2)

 
1.

Documentary L/C is the most suitable & prevalent method of settlement for international trade. The buyer's bank reimburses the seller against presentation of documents drawn in compliance with conditions as mentioned in the documentary L/C by the buyer!!
Answered by dharamender nebhnani, 17 Mar '10 04:36 pm

 
  
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2.

It means Agreement of payment. Its like sight LC, 30 dyas /45 or 60 days payment against LC
Answered by ala, 17 Mar '10 03:24 pm

 
  
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