Letter of Credit Flow diagram:
Courtesy of Wiley publishing.
Re: Letter of Credit (L/C) transactional flow diagram
by inturn on Tue Jan 09 13:47:48 PST 2007
Replying to [bmpc]:very informative!
Re: Letter of Credit (L/C) transactional flow diagram
by INDIAN on Thu Feb 22 21:14:09 PST 2007
It is not compulsory that forwarder sends the documents to the advising bank directly. As when we do this work we get the documents in our hand and then we send the documents to our bank.
Re: i'aam
by Spacy on Mon Mar 19 11:14:35 PDT 2007
Replying to [abbbaa]:
Tt (telegraphic transfer), dp bill etc. vs. lc (letter of credit)
Author: Catalyst
Back to back letters of credit
Author: Catalyst
The original LC and the one issued against it are independent. See how it works.