Types of letters of credit?

The letter of credit is a payment tool that can be used to finance both domestic and international purchases. There are many different types of letters of credit. What is…

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Back to Back LC

What is a Back to Back letter of credit? The Back to Back letter of credit is a secondary letter of credit that can be used finance a transaction. The…

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What is a Pro Forma Invoice?

Pro Forma Invoices When buyers place an order with a seller, they receive an initial bill that lists the details of their transaction. It can include details like package weight,…

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Letters of Credit: How Do They Work?

The concept of a letter of credit is easy to understand if you already have some knowledge of escrow services. Basically, the bank acts as an independent 3rd party, holding…

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