Documentary credits are one of the oldest, most sophisticated, and safest payment instruments used in international trade.
Usance (or deferred) Letters of Credit are a specific type of LC payable at a predetermined time period. When Letters of Credit were first developed, there were a number of specific Letters… read more →
Letters of Credit are a guarantee from a bank that a buyer’s payment to a seller will be received on time and for the correct amount. Specifically, if the buyer… read more →