Studierende stehen vor dem LC und blicken lächelnd einer Kollegin mit einer Mappe in der Hand nach.

Documentary Credit

German Translation

Dokumentenkredit (Bankkredit zwecks Import von Waren)


Supply Chain Management

Short Description

Many types of documents used between buyers and sellers and their respective banks to support payment and transfer title for goods shipped. May be in the form of letters of credit (LOC or L/C), bank guarantees, or forwarder cargo receipts (FCR).
[vgl., Supply Chain Management Glossary 1.0 (23.05.2000), URL]