'Usance letter' presentation slideshows

Usance Letter of Credit - Knowing the types and the uses

A letter of credit is a term of payment that is mostly used for both international and long-distance commercial transactions. They seem to be indispensable for foreign transactions as they make sure the payments are received on time. Using these documentary letters of credit lets the seller considerably alleviate the risk of non-payment of the delivered goods by transferring the risk (on the buyeru2019s end) to that of the bank.

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