... buyer. Buyer provides bill of lading to carrier and takes delivery of goods. Understanding and Using Letters of Credit, Part I Understanding and Using Letters of Credit, Part IIIrrevocable ... stated in the Letter of Credit. Letter of Credit is abbreviated as an LC or L/C, and often is referred to as a documentary credit, abbreviated as DC or D/C, documentary letter of credit, or simply ... buyer's bank supplies a letter of credit to seller.LETTER OF CREDIT Home Documentations Law and legislatives Links VietnameseFrom WikipediaA letter of credit is a document issued mostly...