Method of paying for goods where buyer establishes credit with local bank, clearly describing goods to be purchased. Upon receipt of documentation, bank either is paid by buyer or takes title to goods and transfers funds to seller.
Letter of Credit (L/C)
Search by Category
Latest Articles
- The Fuel Index Dropped. Your Surcharge Didn’t.
- The $10 Billion Deal That Tells You Everything About the Future of Parcel Delivery
- USPS Is Repricing Again — And This Time, It’s Coming for Your Lightest Packages
- USPS Just Imposed Its First-Ever Fuel Surcharge. Here’s What It Means For Your Business
- IEEPA Tariff Refunds: The Hard Part Is Just Beginning


to receive our FREE white papers: