Which of these stands at the centre of international commercial transactions?
A)Bill of lading
B)Time draft
C)Way bill
D)Sight draft
E)Letter of credit

Question

Quizplus · Accepted Answer

The Letter of credit is the most important document that stands at the center of international commercial transactions. It assures that the seller will receive payment and the buyer will receive the goods on time as per the agreed terms and conditions. The Letter of credit provides a form of payment security for both parties involved in the transaction.

Which of These Stands at the Centre of International Commercial