Letter of Credit Mode for Overseas Payment

The most commonly used payment method in international trade, especially in export/import, is the Letter of Credit Services. They are used to confirm the seller or beneficiary on the receipt of the goods or when the seller meets the requirement mention in the Letter of Credit set.  There are some terms & conditions mentioned in the Letter of Credit copy which they issue to their seller as soon as the order gets placed through the bank.  By issuing this copy, the seller can ensure to prepare the documents as per the instructions given in the Letter of Credit.