a commercial letter of credit providing for payment by a bank to the name beneficiary, usually the seller of merchandise, against delivery of documents specified in the credit
A commercial Letter of Credit providing for payment by a bank to the named beneficiary, who is usually the seller of merchandise, against delivery of such documents as may be specified in the credit
Written undertaking by a bank on behalf of an importer authorizing an exporter to draw drafts on the bank up to a specified amount under specific terms and conditions Some time know as commercial letter of credit