Business Studies, asked by sudhanvalm199, 1 year ago

Explain the concept of Letters of Credit. Discuss the parties involved in the Letters of Credit.

Answers

Answered by yashgandhi74

0

The opener: The opener is the buyer (importer). ...

The issuer: The issuer is also known as the opening or issuing bank. ...

The beneficiary: The seller or exporter is the beneficiary in whose favor the letter of credit is issued.

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