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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
U.S.A fresh cherry exports dropped 17% in July, feeling the effects of retaliatory tariffs from China. Total U.S. exports of fresh cherries totaled 44,953 metric tons in July, down from 53,987 metric tons for the same month last year. Cherry ...Read More
America’s live lobster exports to China hit a two-year low in July. This was the first month when a new import tariff on Maine’s most significant export took effect. The United States shipped $4.2 million worth of live lobsters to ...Read More
The National Statistics Office on Monday 10 September issued results showing that UK exports to the world rose by 5.2% compared to the same time last year. The service sector continues to thrive with exports up 3.9% to a record ...Read More
Tags: exports
Consumers in the Republic of Ireland continue to take advantage of the weakness in sterling, by importing used cars from the UK. The number of imported vehicles licensed in the Irish State during the first eight months of the year ...Read More
