A foreign order which instructs an agent to buy certain goods from a particular supplier is
A closed indent is a foreign order which instructs an agent to buy certain goods from a particular supplier. It is a type of
trade document used in international commerce. An open indent, on the other hand, gives the agent discretion in the
choice of supplier. A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be
received on time and for the correct amount, while a letter of enquiry is a formal method of requesting information.
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