A Practical Guide to Letters of Credit

While a letter of credit can be a very simple instrument for trade settlement, it can also be very complex. In simple terms, this book explains the intricacies of letters of credit used in domestic and international trade.

This book is a practical guide for bankers and traders using letters of credit as a method of trade settlement. It covers all aspects of letters of credit from the time of application for letter of credit to the time of receiving the goods on the buyer's part; as well as ...