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1. Describe in detail how a Letter of Credit is used in an international transaction. 2. From...

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General Management

1. Describe in detail how a Letter of Credit is used in aninternational transaction.

2. From a handling perspective, what is one advantage of a unitload?

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1 A letter of credit is a report from a bank that ensures installment There are a few kinds of letters of credit and they can give security when purchasing and selling items or administrations Seller protection If a purchaser neglects to pay a dealer the bank that gave a letter of credit must compensation the vender as long as the merchant meets the entirety of the    See Answer
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