Difference between revisions of "Import Letter of Credit"
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
(No difference)
|
Latest revision as of 23:03, 10 February 2020
Definition
Import Letter of Credit. It is a term used by a buyer to describe a commercial letter of credit he or she has asked a financial institution to issue or by a financial institution to describe a letter of credit it has issued.The same letter of credit is called an export letter of credit by the exporter.