1 Sentences With "documentary credit"

How to use documentary credit in a sentence? Find typical usage patterns (collocations)/phrases/context for "documentary credit" and check conjugation/comparative form for "documentary credit". Mastering all the usages of "documentary credit" from sentence examples published by news publications.

type: All Declarative Interrogative Exclamative

structure: All Simple Compound Complex Compound-Complex

length: All <=10 words 10-20 words 20-30 words 30-50 words

Image 4:Buyer provides the bill of lading to carrier and takes delivery of the goods. A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods.