What is LC in Export Import Business.

Hello Friends, In export-import business, an LC (Letter of Credit) is a secure payment method where the buyer’s bank guarantees payment to the exporter, provided all shipment documents and conditions are met. It protects both parties—ensuring the exporter gets paid and the importer receives the goods as agreed. For new exporters, LC is a trusted way to build international trade without payment risk.

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Видео What is LC in Export Import Business. канала Paresh Solanki-International Export Import Trainer