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प्रश्न
What is the Letter of credit?
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उत्तर
Letter of Credit (LC) is an undertaking by its issuer (importer’s bank) that bills of exchange drawn by the foreign dealer on the importer will be honoured upon its presentation by exporter’s bank up to a specified amount.
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संबंधित प्रश्न
Select the correct option and rewrite the sentence.
Major items __________ are ch emicals, crude oil and petroleum products, edible oils, electronic goods, gold and silver, pearl and precious stone.
Select the correct option and rewrite the sentence.
Major items __________ are ch emicals, crude oil and petroleum products, edible oils, electronic goods, gold and silver, pearl and precious stone.
For customs clearance the ______ is prepared by the exporter.
Answer in brief.
Explain preliminary stage of import procedure.
Define import trade. Explain its procedure in detail.
What are the contents of Indents?
What is Bill of Lading?
Distinguish between Bill of Lading and Charter Party
What does import trade refer to?
India commonly imports which of the following to fulfill industrial demands?
