A letter of credit (L/C) is one of many methods to provide protection to both parties involved in international transactions. L/C is a crucial part of the recipe when it comes to trade done outside borders. These documents have many useful features that make imports and exports easier and more reliable. The letter of credit (L/C) is grounded on international trade practices and regulations. It establishes what the parties are expected to do, what documents are required for the transactions, and the terms both exporter and importer agree on beforehand. A letter of credit works as a guarantee that the transaction will be done as agreed.
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Md. Delwar Hossain Bhuiyan
Having achieved masters degree from University of Dhaka in 1991, Mr. Bhuiyan started his career with an international trading company and worked for LG Corporation, Korea, Sumitomo Corporation, Singapore, Mitsui Corporation, Mitsubishi Corp. Japan, Hyundai Corporation, Singapore at later stage of his life.
Mr Delwar Hossain has established his own consulting firm, Desh Consulting Ltd, and providing professional solutions in Banking, Marketing, Commercial, Documentation, Customs procedures, Shipping procedures, International Trade, E-tender, L/C, Indenting Business, C & F Agent Business, Project Profiling, Buying House and Export- Import Business.
He has trained over 10,000 new entrepreneurs, professionals, business owners, technical and management experts and still counting in. He attended many trainings and seminars on international business and got experience in import, export, indenting and international tender business. He participated in many international tender with PDB, REB, DESA, WASA, DGDP and Biman Bangladesh Airlines. He has been with international business for about 20 years, where he deals with Banks, Insurance, Inspection Co., Customs Authority, C&F agents, DCCI, BIAA, BOI, EPB and others business related organizations.