Letter of Credit(L/C) Work Flowchart for Garments Manufacturing Business | Letter of Credit Operation Procedures

Letter of Credit(L/C) Work Flowchart for Garments Manufacturing Business | Letter of Credit Operation Procedures

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Advertisements A Letter of Credit is a payment term generally used for international sales transactions. It is basically a mechanism, which allows importers/buyers to offer secure terms of pay

International Commercial Terms (Incoterms) - Important for Apparel Merchandising

International Commercial Terms (Incoterms) - Important for Apparel Merchandising

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Advertisements International Commercial Terms (Incoterms) are internationally recognized standard trade terms used in sales contracts. They’re used to make sure buyer and seller know:   wh

L/C Payment Procedures for Fabric Importation-Woven Garment Merchandising

L/C Payment Procedures for Fabric Importation-Woven Garment Merchandising

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Advertisements In case of larger amount importation L/C is used. It is a costly process than TT. An irrevocable Letter of Credit is also an often used payment method. It is often referred to

Commercial Terms Frequently Used in Garment Exportation and Importation

Commercial Terms Frequently Used in Garment Exportation and Importation

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Advertisements AWB            - Air Waybill D/C              - Documentary Credit (also known as L/C) CFR       &nb