An irrevocable letter of credit (L/C);a. guarantees payment once it is issued, regardless of performance by either party.;b. assures payment to the seller if there are no discrepancies on the documents.;c. is based on the credit worthiness of the buyer.;d. is not often used in international trade because it does not reduce payment risk.;e. only benefits the buyer.
Paper#32933 | Written in 18-Jul-2015Price : $22