Usance-LC

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Letter of Credit that calls for payment against drafts calling for payment at some specified date in the future. Gives buyers time to sell the goods to get the funds to reimburse the issuer

 

  

 

B.S

michaelhoan

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Understanding and Using Letters of Credit, Part I

Understanding and Using Letters of Credit, Part II

Irrevocable LC

Irrevocable LC sample 2008

Usance LC                  

Letter of Credit

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