Activity Of Internatonal Trade With Letter Of Credit Payment Method

Cindawati Cindawati

Abstract


The purpose of this research is to describe and analyze the activity of foreign trade transaction with letter of credit payment method. Method which is used in this research is with normative juridical method. The result of the research: Usability and roles of letter of credit in the foreign trade are: to facilitate the settlement of payment of export transaction, secure the funds provided by the importer to pay for goods and guarantee the completeness of the shipment document. Basically there are three main things that must be known to all parties, both of importers, exporters and banks or related parties are: the flow of goods delivery, the flow of documents and the flow of remittances or payment. The function of the bank s an intermediary of foreign payments: in foreign trade activities or international trade both from export and import.


Keywords


foreign trade activity, letter of credit

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References


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JRAAF (Journal Research and Analysis: Accounting and Financial) is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.