Letter of Credit Flow diagram:
Courtesy of Wiley publishing.
Re: Letter of Credit (L/C) transactional flow diagram
by INDIAN on 22 Feb 2007 21:14
It is not compulsory that forwarder sends the documents to the advising bank directly. As when we do this work we get the documents in our hand and then we send the documents to our bank.
Re: i'aam
by Spacy on 19 Mar 2007 11:14
Replying to [abbbaa]:
Re: Letter of Credit (L/C) transactional flow diagram
by coolhit on 11 Jan 2009 07:18
Thank you for the article / diagram, it is really helpful...
Tt (telegraphic transfer), * bill etc. vs. lc (letter of credit)
Author: Catalyst
Back to back letters of credit
Author: Catalyst
The original LC and the one issued against it are independent. See how it works.