Documentary Letter of credit
Documentary Letter of Credit scrutiny – Common discrepancies
An understanding of the most common discrepancies that banks find in examining documentary credit (DC) presentations can instruct the exporters and help them avoid the common rejections.
Documentary Credit – An introduction
A letter of credit is a document issued by a financial institution, or a similar party, assuring payment to a seller of goods and/or services provided certain documents have been presented to the bank.