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39+ schlau Vorrat Bank Lc - Letter Of Credit Types And Process Lc Guide - A letter of credit is an instrument used mostly in international transactions where the document is given by the buyer's bank, known as the issuing bank, that guarantees that the buyer will pay to the seller the correct amount timely and in case the buyer fails to pay the amount to the seller then the bank is liable to pay the.
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– August 27, 2021