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Explain the types of the letter …

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Explain the types of the letter of credit

Posted by Aditya Singh 6 years, 10 months ago

CBSE > Class 11 > Business Studies

1 answers

Deepanshi Chauhan 6 years, 10 months ago

Documentary letter of credit-It is a type of L/C in which the importer's bank ask the exporter to give all the necessary documents to the bank instead of giving it to the individual. Clean letter of credit-The necessay documents are directly sent to the importer.

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