Letter of Credit

Letters of Credit are commonly used in international trade, wherein a seller can request a letter of credit to guarantee the payment for the delivered goods. A letter of credit contains the terms and conditions that are agreed upon by both parties. In the Contract Deliverables (tppdm7100m100) session, you can use:

• The Letter of Credit Required check box to indicate whether a letter of credit is required for the deliverable line.
• The Link Letter of Credit option from the Actions menu to link a letter of credit to the deliverable line.