Letter of Credit vs T/T: Which Payment Term Should You Use?
Your buyer wants to pay by T/T. Should you accept? The decisive difference between a letter of credit (LC) and a telegraphic transfer is what the bank is obliga
# L/C Fundamentals
Posts tagged ‘L/C Fundamentals’
What Happens If the Invoice and Packing List Quantities Don't Match
A single unit of difference is a discrepancy. The bank does not decide which figure is correct. It only registers that the two documents disagree. The short ans
- # Trade Basics
- # L/C Fundamentals
- # Doc Exam & Discrepancies
- # Invoices & Certificates
- # eUCP & Digital Trade
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What are the pros and cons of an L/C versus open account?
T flowStaffLv.8CEO 0 1 214 0What happens if the presentation period is not stated?
T flowStaffLv.8CEO 0 1 225 0Does silence by the beneficiary mean acceptance of an amendment?
T flowStaffLv.8CEO 0 1 211 0Can an L/C be amended without the beneficiary's consent?
T flowStaffLv.8CEO 0 1 217 0Can a deferred payment L/C be discounted before maturity?
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