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Rs.120 Rs.100

Letter of Credit

Categories: , Product ID: 2133

Description

Letter of Credit is one of the methods by which settlement of payment takes place in a highly-secured manner. It is a conditional assurance issued by a banker on behalf of the applicant assuring the beneficiary the payment of his dues upon shipment and satisfactory compliance with the terms; conditions and stipulations set out in the letter of credit.

ISBN – 13 : 978-8193434512