LC Confirmation provides a guarantee of payment on maturity Date..

Published date: June 28, 2016 | 8:14 am | Posted by:
  • Location: Ahmedabad, Ahmedabad, Gujarat, India

Confirmation of L/C is that the first payment obligations undertaken severally by countries bank for the beneficiary on the way aspect the problem Business Consultants. A confirmed letter of credit is typically used once the availability organization of the letter of credit may have questionable trustworthiness and thus the trafficker seeks to induce a second guarantee to assure payment.

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