Can be used for payment mode like LC, LC usance, DA, DP, & Direct Doc
Can be used only in case of LC transactions
LC Clauses
No additional clauses or Amendment is required in LC
At the time of opening LC or amending LC clauses given by Suppliers Credit bank needs to be changed. Like Negotiation Clause, Confirmation Clause, Reimbursement Clause
Arrangement
Can be arranged after documents have reached the bank or documents are received by importer directly
Has to be arranged at the time of opening LC or before shipment of goods
Can u list the difference of buyers credit and suppliers credit in a tabular form.