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Letters of credit It is a payment instrument that has gained widespread popularity in the international trade. It also provides protection for the sellers, but also give protection to the buyer. If the buyer wants the seller to comply with the agreement either, then it can go down as conditions of the letter of credit by a bank (Negotiation Bank) acts as a check on the authenticity of documents. Terms & Conditions By Letters of Credit When brought to submit to the beneficiary bank.
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