Under documentary credit arrangement also called letter of credit arrangement a bank usually in the importers country undertakes to pay for a shipment provided the exporter submits the required documents such as a clean bill of lading certificate of insurance certificate of origin within a specified period in the us this arrangement . A letter of credit lc also known as a documentary credit or bankers commercial credit is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods a letter of credit is extremely common within international trade and goods delivery where the reliability of contracting . Documentary credit documentary credit means the same thing than letter of credit traders and bankers in some parts of the world us asia tend to use the term letter of credit or the abbreviation l c while some bankers in europe prefer to use documentary credit or d c. See the production credits from slavery by another name the documentary based on the book by douglas a blackmon brought the pbs by producer and director sam pollard and executive producer by . The documentary credit is one of the most secure payment methods in international trade offering the exporter a conditional payment guarantee from the importers bank documentary credits usually require the presentation of certain documents which must be complied with before payment can take place
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