Prime School BD (PSBD24) is popular blog site about technology, merchandising, textile & accounting rules in Bangladesh. Also the post that are publishing about Accounting tutorial, Textile, RMG, Merchandising, Knit Merchandising, Woven Merchandising, Apparel Merchandising, Garments, Dyeing, Spinning, Washing, Buying House, else many things with tips & tricks.

Aowsaf FM

Prime School BD (PSBD24) is popular blog site about technology, merchandising, textile & accounting rules in Bangladesh. Also the post that are publishing about Accounting tutorial, Textile, RMG, Merchandising, Knit Merchandising, Woven Merchandising, Apparel Merchandising, Garments, Dyeing, Spinning, Washing, Buying House, else many things with tips & tricks. বদিউজ্জামান ( রুবেল )
Blogger Tips and TricksLatest Tips And TricksBlogger Tricks

Flow Chart of L/C Opening in Garments Merchandising

Flow Chart of L/C Opening in Garments Merchandising

 

Letter of Credit (L/C): 
L/C means Letter of Credit. It is the familiar word in apparel industry. L/C set up is the work of merchandising section in garment factory. A merchandiser should have clear concept on letter of credit. Letter of Credit (L/C) also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. So, L/C is very important in apparel merchandising. Novicegarment merchandiser don’t know how to L/C open. Now, I am giving a flowchart of L/C opening. 


 Flow Chart of L/C Opening in Garments Merchandising

Requirement of material with specification 
↓ 
To inform about requirement to the head of the management 
 
Management will search for the requirement 
↓ 
Various company response with those specification 
 
The management will select some offers 
 
Then discussion will held among two management 
 
Management will sign the agreement with the selected company or agencies 
↓ 
Then negotiation will take place among management and agencies 
↓ 
Submission of the final PI 
↓ 
Bank will open L/C



SiteMap

Popular Posts


Badiuzzaman ( Rubel )