The Learning of LC
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The Learning of LC If you want something new... Click here The Learning of LC (Easy + Detailed) Think : You are importing toys from China. You and the seller don't know each other — so you're both afraid. To reduce this fear, the bank was placed in the middle. The bank said , " You send the goods , I'll pay." And if you get the product right, pay the bank. LC 's main character character Kaz buyer (Applicant) wants to buy goods — goes to the bank to open LC seller (beneficiary) sells goods — gets money through the bank issuing bank buyer , LC is issued by Advising BankSeller' s country bank , LC- News of Confirming Bank ---- Seller 's additional security ( doesn't always take ) Step-by-step 1️action of LC Buyer goes to bank → to open 2️LC Issuing Bank sends 3️ LC to Seller's Advising Bank → Seller sends goods →By ship/plane Seller sends paper to → bank (Invoice, Packing List, Bill of lading, e...