Different types of Letters of Credit

This course is offered by LOGIVeda, the best Digital Institute for the Logistics Sector.This Course explains all aspects of a Letters of Credit. It is an irrevocable written undertaking issued by the bank at the request of the buyer of goods/services in favor of the seller, for the payment on a determinable future date against complying presentation of documents. Further learn about the advantages, various types, purposes, principles of a LC, concept of Transshipment, various charges and commissions and the Indian Market Situation.

This course does not have any pre-requisite.

Upon successful completion of the course, the student will be able to

1. Understand all aspects of Letters of Credit
2. Understand advantages, types, purposes and principles of LC.