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ITS-03-FIT-004 - Management of Documentary Credits

ITS - FIT - 004 - Management of Documentary CreditsDocumentary Credits are a complex yet powerful payment method. We will look in more detail at this instrument and its more advanced applications.In this learning unit we will look at key elements of the Documentary Credit process from availability of the LC, documents that can be called for in the LC as well as checklists for ensuring proper presentation of documents according to the terms and conditions of the letter of credit. We will also examine the various types of Letter of Credit available and their features.
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