Demystifying DLC and LC: Navigating the World of Letter of Credit Finance
In the realm of international trade and finance, letter of credit (LC) and documentary letter of credit (DLC) are two essential financial instruments that facilitate secure transactions between buyers and sellers. While these terms are often used interchangeably, they exhibit distinct characteristics and serve specific purposes within the trade finance framework. Understanding the nuances between LC and DLC empowers businesses and individuals to navigate the complexities of international trade with clarity and confidence....