Definition – The total or end cost of a product once it arrives at the buyer’s door. This includes purchase price, logistics and brokerage fees, insurance, duties and taxes, insurance and other costs. Related Terms – Total Landed Costs (TLC)

What is a Letter of Credit?

Definition – A letter of credit is a bank issued document guaranteeing the buyer’s payment of a specified amount in a specified currency to the seller provided the defined conditions are met and the prescribed documents are submitted. Required documents may include...
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