If you are a new buyer in the international deal, this video is for you. It explains what is a letter of credit and how you can make your best use out of it. In this interactive video you will learn when it is good to use letters of credit as a convenient payment instrument, how to open your letter of credit, how to explain to your counterpart what s/he is expected to do under this international payment method.
For more resources:
Copyright © 2000 - 2017, International Finance Corporation. All Rights Reserved.
2121 Pennsylvania Avenue, N.W., Washington, D.C. 20433, www.ifc.org
The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon.