Line of Credit means under Import and Export

 



Line of Credit



Line of Credit means under Import and ExportWhen a number of buyers are located in the same country, instead of extending credit to different buyers, line of credit is extended to a financial institution located in the buyer's country by the financial institution from seller's country. The advantage is that the responsibility in judging the creditworthiness of different buyers and recovery from them is shifted to that financial institution located in buyer's country. In this process, the financial institution extending line of credit, in the exporter's country, becomes totally free from the worries connected with identifying the buyers, in importer's country, and recovering from them.

 

Is DP terms of payment safe in export business?

Is Letter of Credit LC safe for an Importer?

Is ON BOARD CERTIFICATE required for LC negotiation

 

Maintain quality of goods - a prime factor in exports

Master collect House collect

How does Letter of Credit work?

How does STP units work in India?

How does TT (Telegraphic Transfer) work?

 

Master Collect House Prepaid

Master prepaid House collect

 

 

Procedure for obtaining Registration number of GSTIN

Procedures to get GST Registration number for IT exempted proprietorship firms.

Process of application for registration under GST Act to obtain GSTIN


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers