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What does a DLC mean in the international trading business?

April 26, 2017Business DLC International mean trading

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What does a DLC mean in the international trading business?

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A Documentary Letter of Credit (DLC) is a type of financial instrument used to pay for goods being ordered. The DLC has terms and conditions applied. The end buyer issues a DLC to supplier and if all conditions are met the supplier can obtain collection of funds. By default a DLC becomes an irrevocable Letter of Credit.