How to Open Master Export L/C in Garment Buying House

L/C means Letters of Credit which is in general a conditional document extended by the bank in connection with presentation of export value. L/C plays a very dominant role in this matter. There are various types of L/C. In this article I will explain what is Master L/C and how to open a master L/C? Master L/C: When a L/C is opened to import goods directly from the exporter is called master L/C.

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