Community > Forums > Payment & Finance > Learn more about L/C (Letter of Credit)
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#2
Re: Learn more about L/C (Letter of Credit)
L/C is bank credit, different from D/P which is commercial credit. L/C is safer than D/P.
#3
Reply #
With a transferable letter of credit if my company in the UK has found a buyer. Is it possible to transfer letters of credit with the supplier if they are from a foreign bank or would I have to setup a bnk acc in the suppliers country or is it possible to tranfser the L/C between both countries???
#4
Reply #
wonderful
#5
Reply #
[em19]good
#6
Re: Learn more about L/C (Letter of Credit)
thanks [em19]
#7
Reply #
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#8
Re: Learn more about L/C (Letter of Credit)
thanks for the post, it is very useful
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#9
Re: Learn more about L/C (Letter of Credit)
We are Shezhen Linshi Import&Export Co., Ltd, a factory produce and export the following items,
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Payment terms:30% deposit and balance against copy of B/L, or 100% irrevocable L/C at sight

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#10
Reply # i don`t nkow L/C
how to safely transfer?
#11
Re: Learn more about L/C (Letter of Credit)
nice idea great suggestion i can learn from it .haha.

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