When you open the L/C, the buyer must deposit some money in the Bank (up to 100% of the value of L/C). L/C is not a safe payment method expressly because the Bank only worked on documents rather than considering the quality of the goods. The document proposed the payment of L/C by the parties to the agreement. The seller must provide the full range of vouchers and must match the L/C, the new paid.Read more at: PLF law firm
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