LoC - Letter of Credit in Transportation Law

Everything You Should Know About Letter of Credit

Introduction Most of the trade in the world is done internationally. In order to facilitate this, a business needs to have trade agreements with its partners and counterparts. Regarding this, suppose a simple situation (certainly not fictional); Ms. “A” (as an Iranian exporter) has a contract with Mr. “B” (an importer from UAE) for sending a shipment of goods. In this scenario, both parties do not know each other and as you ...

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