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Letter of Credit

shipping container at sea
Definition

A letter of credit (LC) is a financial document issued by a bank on behalf of an importer, guaranteeing payment to the exporter upon presentation of compliant shipping documents, ensuring secure and reliable international trade transactions.

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Letter of Credit

Definition

A letter of credit (LC) is a financial document issued by a bank on behalf of an importer, guaranteeing payment to the exporter upon presentation of compliant shipping documents, ensuring secure and reliable international trade transactions.

Have a question? Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
Talk to an Expert
Shipping container at seaShipping container at sea