7+ Easy Ways What Are Letters Of Credit. They can provide security to a seller that will be received on time and for the correct amount. Based on business transactions, various kinds of letters of credit exist.

Types of letter of credit. Pengertian letter of credit (l/c) adalah surat pernyataan yang dikeluarkan oleh bank atas permintaan pembeli (umumnya importir) untuk menyediakan dan membayar sejumlah uang tertentu untuk kepentingan pihak ketiga (penerima letter of credit (l/c) (penjual/ eksportir/ beneficiary). As a trade finance tool, letters of credit are designed to protect both exporters and importers.