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FrançaisThe classification LDC was developed by the United Nations to give some guidance to donor agencies and countries about and equitable allocation of foreign assistance. The criteria for designating a country an LLDC include low per capita income, literacy, and…
Read MoreLetter of assignment
A document with which the assignor assigns rights to third party. See assignment.
Read MoreLetter of correction
A letter addressed to a consulate containing such data as needed to resolve any necessary corrections in consular documentation.
Read MoreLetter of credit (L/C)
A document issued by the importer´s bank stating its commitment to honor a draft, or otherwise pay, on presentation of specific documents by the exporter within a stated period of time. The documents the importer requires in the credit usually…
Read MoreLetter of Indemnity (LOI)
A document that serves to protect the carrier/owner financially against possible repercussions in connection with the release of goods without presentation of an original bill of lading. A letter of indemnity is used in cases in which the goods arrive…
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