Business, 14.08.2020 18:01 brookieharrisop5n7us
1.A Letter of Credit (or LC) is one of the major pillars on which International Trade stands.
a)What is a Letter of Credit?
b)With the aid of a diagram, explain the LC procedure.
c)Explain to the CEO of Mbo Limited (a company in Ghana) which wants to buy large quantities of White Refined Granulated Sugar from Tiffany Anderson Group Ltd (a company in Brazil) why the LC is the most acceptable method to both the exporter and importer in a transaction such as he is about to undertake.
Answers: 3
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Ryan receives an e-mail that states the internet is being cleaned up and that he should leave his computer powered-off for 24 hours after receipt of this message. after careful review of the message contents and verifying the information with the desk he realizes this is:
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1.A Letter of Credit (or LC) is one of the major pillars on which International Trade stands.
a)Wha...
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