
Blog
Irrevocable Letter of Credit (ILOC)
An Irrevocable Letter of Credit (ILOC) How does it work? A bank’s official document, described as an irrevocable letter of credit (ILOC), guarantees payment for the goods
An Irrevocable Letter of Credit (ILOC) How does it work? A bank’s official document, described as an irrevocable letter of credit (ILOC), guarantees payment for the goods