A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Letter of correction

A letter addressed to a consulate containing such data as needed to resolve any necessary corrections in consular documentation.

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Letter 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…

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Letter 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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Letter of Intent (LOI)

A letter of intent is a collection of key points of an agreement between two parties that are negotiating a contract; in this respect a letter of intent is simply the agreement signed prior to the final contract. Without a…

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