Understanding the Letter of Credit while moving
A letter of credit is a guarantee of the buyer to the seller about the payment that has to be made. The basic structure of the Letter of Credit consists of four elements: Applicant (the buyer or the importer of goods), Beneficiary (the seller or the exporter), Issuing Bank (lends its guarantee or credit to the transaction), and the Negotiating Bank (beneficiary's bank). For example, if a particular company of packers and movers Bangalore have offered to move your goods from Delhi to Mumbai, the LOC will give the details of how much is to be paid and when it is to be done. It is a kind of agreement. For Instant booking call us on 08867247247, email us: info@bixmove.com or Visit Us: https://bixmove.com/packers-and-movers-bangalore/
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