What Is Letter Of Credit. A letter of credit is a document from a bank that guarantees payment. Contoh dokumen letter of credit jenis letter of credit.
Letter of credit dapat juga disebut sebagai kredit berdokumen ataupun documentary credit. All banks honor all the cheques or bill drawn upon. A traveling letter of credit enables the exporter to travel abroad and draw the money specified from the bank.
A letter of credit is a document issued by a third party that guarantees payment for goods or services when the seller provides acceptable documentation.
What is the credit letter? Letter of credit atau disebut juga l/c, lc atau loc merupakan cara pembayaran internasional yang menjadikan mungkin eksportir menerima pembayaran tanpa menunggu berita dari luar negeri setelah barang dan berkas dokumen dikirimkan ke luar negeri atau kepada pemesan. A letter of credit or documentary credit is a promise by a bank on behalf of the buyer (applicant/importer) to pay the seller (beneficiary/exporter) a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline. With a letter of credit, buyers and sellers can reduce their risk and ensure timely payment and delivery of goods or services.learning about different types of letters of credit can help you choose which one to use and understand what you’re working with.
