lc is the undertaking of the issuing bank to honour. I would like to ask a very basic question about lc. Is lc just the tool to protect exporter?
in my opinion is not, it also protect importer,what's your opinion then?
l/c very basic question
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basic question
dear fionawang
I think lc is protect both of exporter and importer if it issued in base of payment ( not base for non -payment )
rgds
I think lc is protect both of exporter and importer if it issued in base of payment ( not base for non -payment )
rgds
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Thï½ï½Žï½‹ï½“  very  ï½ï½•ï½ƒï½ˆ
Thanks Narisa very much!narisa wrote:dear fionawang
I think lc is protect both of exporter and importer if it issued in base of payment ( not base for non -payment )
rgds
I agree with you. This question is because that I had an argue with my boss, he always too confident and doubting my CDCS, which make me too depressed...
- berry
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protect
LC protect both exporter and importer given the exporter knows what to present for a complying presentation and importer knows what documents to ask for to protect his interest. don't be so depressed over the comment of your boss. it happens. besides ''boss is always right!"