Everyone loves LC or Letter of Credit but....

L/C or Letters of Credit for indigenous purchases or import of raw materials, components, finished goods and plant and machinery are convenient trade facilities for business. The L/C could be sight or usance with a tenor usually not exceeding 180 days.

To get a better understanding of L/C, visit http://www.crfonline.org/orc/cro/cro-9-1.html .

Most of our suppliers wanted L/C as it is a very secure mode of payment. And since we are quite new to this L/C game, (we used to just let SCC take care all of those) and by the time we finish invoicing our forth invoice by the middle of December, we should have a wealth of experience with it already.

Lots of blood raising Fun and we rocked and we rolled.

PLC, Affin Bank, Post Dated cheques, 30 days, current and 60 days. Maybank, Pudu, Sultan Ismail, Menara, Muamalat, HSBC and Banks in general.

What?
60 days?

And the results will be on our side!

But all passed, Fitri, everyone survived to the next stage.

The Apprentice.