How many Parties are involved in Letter of Credit (LC) There are mainly 6(six) parties involved in a letter of credit which may be summed up as under: a) Opener: The applicant of L/C or the Importer / Buyer / L/C applicant. b) Opening Bank: The Bank opening the L/C […]
Read more![business-license-small](https://i0.wp.com/bankingallinfo.com/wp-content/uploads/2012/05/business-license-small.jpg?resize=270%2C208&ssl=1)