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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
South Korea’s exports of cosmetics products increased by 16.1 percent in 2020, making it third in the world for exports after France and the US. According to statistics released by the Ministry of Food and Drug Safety, China was the ...Read More
UK exports of salmon to the EU have fallen by nearly 20% during the first three months of this year, according to information from the Food and Drink Federation. Export sales of fish of all typeshave fallen by almost 52%; ...Read More
Exports of goods from Spain made a historic rise of 71.8 % in April to 25.841 billion euros. Imports rose by 63.9 % to 27.138 billion, compared with April 2020. In the January-April period, Spanish exports showed a rise of ...Read More
The increasing price of shipping goods across the world may affect your household expenses from a cup of coffee each morning to children's toys. Shipping a 12m steel container of cargo by sea from Shanghai to Rotterdam now costs a ...Read More
