explain the mechanisum of realizing paymet under the letter of credit agreement
Answers
Answered by
3
Answer:
The buyer asks his bank i.e. the issuing bank to issue a letter of credit in the name of the seller. Issuing bank issues a documentary letter of credit in the name of the seller and keeps the seller's bank as advising bank. ... After receiving the payment, the issuing bank gives the documents to the buyer.
this will help you
please follow me plzzzzz
this is my last expert answer when I submit it I will get ace yey
Similar questions