Letters of credit issued by the Bank, at the request of the importer, seller undertakes on the payment of a certain sum, within a certain period of time, if a seller produce a set of valid documents, as specified in the LC.LC is the Bank's commitment letter about paying people for export.LC payment, or a credit voucher method is commonly used in international trade. It ensures harmonious relative benefits and security for both the buyer and the seller. Through this form, the person importing the application of the standards of international payment (current is: UCP 600-the rules and practice of the voucher credit due to the International Chamber of Commerce).
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