{"store":{"baseInfo":{"podcastTitle":"What is a Letter of Credit? How Does a Letter of Credit Works?","slug":"jitendradaveseo","podcastDescription":"Letter of Credit is a payment instrument used majorly in international trade in which a bank provides a monetary guarantee to enterprises that deal in the import and export of goods. Letter of credit can be used for both import and export purposes. https://www.bandeniachallengerbank.com/","podcastLogo":"https://pbcdn1.podbean.com/img/podbean-logo/podbean_77.jpg","podcastShareLogo":null,"podcastUrl":"https://jitendradaveseo.podbean.com","podcastCanSearched":false,"feedUrl":"https://feed.podbean.com/jitendradaveseo/feed.xml","theme":"elegant","podcastDeepLink":"https://www.podbean.com/pw/pbblog-evvqt-c66e44","removePodbeanBranding":"no","brandingLogo":null,"timeZone":{"timeZoneId":54,"gmtAdjustment":"GMT+05:00","useDaylightTime":1,"value":5,"text":"(GMT+05:00) Yekaterinburg","daylightStartTime":"Second Sunday Of March +2 Hours","daylightEndTime":"First Sunday Of November +2 Hours","timezone":"Asia/Yekaterinburg"},"podcastDownloads":null,"totalEpisodes":13,"showComments":true,"iOSAppDownloadLink":null,"customizeCssUrl":null,"androidAppDownloadLink":null,"showPostShare":true,"showLike":true,"author":"jitendradaveseo","enableEngagementStats":false,"shareEmbedLink":"https://admin5.podbean.com/embed.html?id=pbblog-evvqt-c66e44-playlist","language":"en","sensitivitySessionExpireTime":3600,"podcastApps":[{"name":"Podbean App","link":"https://podbeanapp.page.link/?link=https%3A%2F%2Fjitendradaveseo.podbean.com%3Faction%3DopenPodcast%26podcastId%3Dpbblog13004356%26podcastIdTag%3Devvqt&dfl=https%3A%2F%2Fjitendradaveseo.podbean.com&utm_campaign=pb_web&utm_source=podbean_web&utm_medium=dlink&imv=670&amv=530&isi=973361050&ibi=com.podbean.app.podcast&ipbi=com.podbean.app.podcast&apn=com.podbean.app.podcast","image":"https://pbcdn1.podbean.com/fs1/site/images/admin5/podbean-app.png","title":null}],"components":{"base":[{"id":"MainStyle","val":"light"},{"id":"Font","val":"Avenir"},{"id":"SecondaryFont","val":"Avenir"},{"id":"PlayerColor","val":"#8fc31f"},{"id":"PlayerStyle","val":"player1"},{"id":"PlayerWave","val":"show"},{"id":"Favicon","val":null},{"id":"CookiesNotice","val":"hide"},{"id":"CookiesNoticeContent","val":"

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A documentary credit is a document that guarantees the buyer’s payment to the sellers. It is issued by a bank and ensures timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.

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How does a documentary credit (letter of credit) work?

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