The Letter of credit has been viewed as the safe mode for the transaction, both by the exporters as well as the importers, the experiences show that on occasions, the parties to the transaction do not understand the L.C. mechanism in proper sprit and have to undergo the problems.
It is essential for all those who are enthusiastic about monitoring their trade transaction within the country or beyond the national boundaries, to understand the intricacies of the L.C. Mechanism well in the initial stage itself.
From the exporter’s point of view, the Letter of Credit is an Export L.C., whereas, from the importer’s angle it is the Import L.C. However, there are certain differentiating aspects and accordingly, two separate publications as under have emerged:
- Exporters and Letter of credit.
- Importers and Letter of credit.
The efforts are made in the publication, to provide a basic understanding of the intricacies of the Letters of credit (L.C.) Mechanism for the importers.
Go for the book, the book shall be of immense use to all those who are concerned with the trade and commerce.