Mr. Piyush Sharma had asked a question on Youtube "If our payment term is any of the LC (Letter of Credit) that will clear on the destination port and I make B/L and ship the goods after that what can I do if the buyer cancels the LC or refuse to accept the goods. In this term, we are dealing 100% on LC only No advance. "
In this video, Mr. Dipak Manohar replies on his question and explains what happens when you deal with a buyer in LC terms.
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