(c) DORMAN WOOD associates. A documentary credit, or letter of credit is an undertaking issued by a bank for the account of the buyer (applicant), to pay the seller (beneficiary) provided the terms and conditions of the documentary credit are complied with. A documentary credit, or L/C, usually satisfies the seller's desire for cash payment and the buyer's desire for credit..
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1. (c) DORMAN WOOD associates BASICS OF INTERNATIONAL LETTERS OF CREDIT L/Cís SIMPLIFIED
2. (c) DORMAN WOOD associates What Is A Letter of Credit?
3. (c) DORMAN WOOD associates Regulations Governing L/Cís
4. (c) DORMAN WOOD associates Process Flow I
5. (c) DORMAN WOOD associates Process Flow II
6. (c) DORMAN WOOD associates Process Flow Index