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L/C letter of Cridit , is a Banking/Commercial term used for Payment mostly overseas or foreign payement.
I donot know any more about it.
but following question clicks my mind about L/C
1. Why L/C is Established ?
2. What are financial Costs for L/C establishing and Maintenance ?
3. Could it be prefered upon other payment methods ?
4. Validity etc.
If you have informations please guide me .
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