InterNetLC.com
PreShipment
Financing for Exporters.
| Home | About ILC | On-Line Training | LC Processing | Site Map | ePlatform | Intl Payment Methods | Contact Info | |
|
|
ILC-vpn |
eLetter of Credit Application BOA + LCI + Data = LAPL Letter of Credit
Application The Letter of Credit Application is prepared by the buyer and given to his bank for the application for and subsequent issue of a Letter of Credit. The buyer becomes the applicant and the seller becomes the beneficiary of the Amendment. The buyer’s bank is the issuing bank, and the seller’s bank is the advising bank. eLetter of Credit Application Trade Function The eLetter of
Credit Application (LAPL) is the electronic document equivalent of the Letter
of Credit Application. It is created
using the same information generated by the buyer. It is used for electronic application for the
issue of Documentary Letter of Credit. |