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Testimonials

"We use R W Freight for export of our groupage shipments to Norway and we find their booking process is straightforward. The service is very good and their operatives are very polite and friendly to deal with!"
~ Norway Shipper 3716
"Our first experience with R W Freight has been a good one! We faxed through our export booking for Norway to your company and you collected the following day. Great!  "
~ Norway Customer 37665
"R W Freight have a good overall export service to Norway"
~ Norway Export Customer 8147

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Home > Jargon Explained > Freight Forwarding Terms > Letter of Credit (LC) >

Letter of Credit (LC)

A Letter of Credit (LC) is a document issued by a bank on the instructions of a buyer of goods, giving the seller of the goods the right to receive payment under specified terms, when the bank receives the relevant documents (usually including an original bill of lading) within a given time period.

See also    Bill of Lading

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