Which is/are the function(s) of Letter of Credit?
A.
The L/C solves the possible problems arising from the distrust between the seller and the buyer.
B.
Under L/C, the seller can feel assured that so long as he has made the delivery of the goods and got the required documents he can get the payment of the goods in time.
C.
The buyer can also feel at ease that he can get the shipping documents at the same time when he effects the payment of the goods.