Letter of Credit (L/C) 1 : A document issued by a bank per instructions by a buyer of goods authorizing the seller to draw a specified sum of money under specified terms. Issued as revocable or irrevocable
Freight Solution Providers (FSP) HQ, a KLS Air Express, Inc. company (World Transportation Logistics), Logistics Glossary of Shipping Terms, Rancho Cordova, CA, USA 2012. http://www.shipfsp.com/about/shippingterms.html, (Log - Brit) {578}