I want to know that what is a confirmed revocable letter of credit ?
2006-07-24 23:33:26 · 3 answers · asked by amish 2 in Business & Finance ➔ Credit
If a company in India was buying something from a company in the UK then they would issue a letter of credit before the shipment was made. This would specify how they wanted the UK company to ship the goods and would give them specific instruction on when the shipment had to be received by and which shipping line they would have to use. The LoC would then go to the UK companies bank so they could ensure it was ok before the UK company would agree to supply the goods.
2006-07-24 23:47:33 · answer #1 · answered by davylat 1 · 0⤊ 0⤋
no no we don't do home work
2006-07-25 07:04:49 · answer #2 · answered by stillhappy89 4 · 0⤊ 0⤋
which cannot be changed..
2006-07-25 07:52:13 · answer #3 · answered by yogesh 6 · 0⤊ 0⤋