Letter of Credit is known to be an mechanism of payment ordinarily utilized in international trade. It goes about as an assurance of payment for the vender or the exporter of goods since it is routed through bank and has its credit value joined. Letter of credit is considered safe in case of international trade since there are high chances of the parties being unknown to each other.
Myforexeye fintech Pvt. Ltd.
Phone No: +91-11-41460000-40