Hi, this edition I wanted readers to know the Letter of Credit, or L/C, C/L more because not only serves as a tool in trade facilitation, but the main function of the L/C is to guarantee that the exporter will be paid when the goods are delivered to the vessel or transport vehicle as agreed and the buyer can be confident that it will receive when paying for the goods, L/C, divided into two categories, category 1) revocable (Revocable Letter of Credit) when the buyer's Bank L/C, open to guests. The buyer's bank or open L/C has the right to modify, change or cancel the L/C can be provided at any time. Without the consent of the exporters, therefore, If the exporter has received this type of L/C. Ask that you please avoid because of the high risk of being canceled orders.
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