what is back to back LC
回答 (1)
2009-04-28 8:17 pm
✔ 最佳答案
You received an L/C, a master L/C, from your customer. You use this L/C to back up and and ask your banker open a new L/C to your supplier with nearly the same terms of this incoming L/C. Talk to your banker for detail arrangement e.g. deposit etc.http://www.businessdictionary.com/definition/back-to-back-letter-of-credit-L-C.html
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