What Is Letter Of Credit At Site?


2 Answers

Aisha Profile
Aisha answered
Letter of credit at site is a kind of Letter of Credit. It is basically when the bank has to release the payment when the goods reach the specified site as agreed upon in the terms and conditions of the L/C or the transaction.
thanked the writer.
shruty tiwari
shruty tiwari commented
That means LC at Site is actually when the shipment reach the POD or to CNEE??? I ws thinking only the B/L or other docs has to be sent and the payment is realised :(
Anonymous Profile
Anonymous answered
Is this the best way to handle a LC payment> Can the manufacturer use a LC on site to get credit from bank?

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