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When and who prepares Letter of credit and is any relation
with bill of exchange? pleas breaf with examle.

Answers were Sorted based on User's Feedback



When and who prepares Letter of credit and is any relation with bill of exchange? pleas breaf with..

Answer / saurabh jaiswal

When there is a foreign transaction,the exporter write
letter od credit.A letter of credit is essentially a
promissory note from your bank for an exporter. It is used
to build trust in business relationships, especially with
internal business transactions.

Is This Answer Correct ?    5 Yes 4 No

When and who prepares Letter of credit and is any relation with bill of exchange? pleas breaf with..

Answer / sajjad1

Dear Letter of Credit is write by the importer to exporter

Is This Answer Correct ?    2 Yes 1 No

When and who prepares Letter of credit and is any relation with bill of exchange? pleas breaf with..

Answer / abdul

Letter of credit is Letter from bank to receive our loan
amount for exporting materials purchased.usually banks
first give that amount,after taking that loan amount
through our foriegn buyers paid our payment like bill of
exchange with interest.

Is This Answer Correct ?    2 Yes 1 No

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